Analysts Set Expectations for Galiano Gold FY2025 Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Equities research analysts at HC Wainwright boosted their FY2025 earnings estimates for Galiano Gold in a research report issued on Wednesday, January 29th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of $0.40 for the year, up from their previous estimate of $0.38. HC Wainwright has a “Buy” rating and a $2.80 price target on the stock. The consensus estimate for Galiano Gold’s current full-year earnings is $0.08 per share.

Galiano Gold (NYSEAMERICAN:GAU) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $71.13 million for the quarter.

A number of other brokerages have also recently weighed in on GAU. BMO Capital Markets cut shares of Galiano Gold from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Eight Capital upgraded shares of Galiano Gold to a “strong-buy” rating in a report on Tuesday, November 19th.

Galiano Gold Stock Down 1.8 %

Shares of GAU opened at $1.12 on Monday. The stock has a market cap of $287.93 million, a price-to-earnings ratio of -56.00 and a beta of 1.06. Galiano Gold has a 1-year low of $0.80 and a 1-year high of $2.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new stake in shares of Galiano Gold during the 3rd quarter worth approximately $33,000. HighTower Advisors LLC purchased a new stake in shares of Galiano Gold during the 3rd quarter worth approximately $36,000. XTX Topco Ltd purchased a new stake in shares of Galiano Gold during the 3rd quarter worth approximately $64,000. Cubist Systematic Strategies LLC lifted its position in shares of Galiano Gold by 141.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock worth $93,000 after buying an additional 31,757 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Galiano Gold during the 3rd quarter worth approximately $147,000. Hedge funds and other institutional investors own 66.82% of the company’s stock.

Galiano Gold Company Profile

Galiano Gold Inc engages in the exploration and evaluation of gold properties in Canada. Its flagship asset is the Asanko Gold Mine that covers an area of approximately 21,000 hectares located in Ghana, West Africa. The company was formerly known as Asanko Gold Inc and changed its name to Galiano Gold Inc in May 2020.