FY2024 Earnings Estimate for Galiano Gold Issued By Cormark

Galiano Gold Inc. (TSE:GAU) – Cormark lifted their FY2024 EPS estimates for Galiano Gold in a note issued to investors on Monday, November 11th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.32 for the year, up from their prior forecast of $0.15. Cormark also issued estimates for Galiano Gold’s Q4 2024 earnings at $0.14 EPS and FY2025 earnings at $0.95 EPS.

Galiano Gold Stock Performance

Shares of GAU stock opened at C$2.01 on Thursday. The firm has a market capitalization of C$516.41 million, a P/E ratio of 29.00, a P/E/G ratio of 0.15 and a beta of 1.05. Galiano Gold has a 12 month low of C$0.81 and a 12 month high of C$2.73. The company’s fifty day moving average price is C$2.06 and its two-hundred day moving average price is C$2.20. The company has a debt-to-equity ratio of 18.59, a current ratio of 2.31 and a quick ratio of 15.77.

Insider Activity

In related news, Director Judith Mosely sold 49,500 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of C$1.81, for a total value of C$89,595.00. Company insiders own 23.08% of the company’s stock.

About Galiano Gold

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.