Galiano Gold FY2024 EPS Forecast Reduced by HC Wainwright

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Equities researchers at HC Wainwright dropped their FY2024 EPS estimates for Galiano Gold in a note issued to investors on Tuesday, November 12th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of $0.10 for the year, down from their previous estimate of $0.22. HC Wainwright has a “Buy” rating and a $4.60 price target on the stock. The consensus estimate for Galiano Gold’s current full-year earnings is $0.13 per share. HC Wainwright also issued estimates for Galiano Gold’s FY2025 earnings at $0.46 EPS.

Galiano Gold Trading Down 3.1 %

Galiano Gold stock opened at $1.43 on Thursday. Galiano Gold has a 1-year low of $0.58 and a 1-year high of $2.00. The firm has a market cap of $366.14 million, a PE ratio of -71.25 and a beta of 1.10.

Hedge Funds Weigh In On Galiano Gold

Several institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in shares of Galiano Gold during the 3rd quarter worth about $64,000. HighTower Advisors LLC acquired a new stake in Galiano Gold in the 3rd quarter worth approximately $36,000. De Lisle Partners LLP boosted its position in Galiano Gold by 14.0% during the third quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock worth $1,154,000 after purchasing an additional 100,000 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Galiano Gold during the third quarter valued at approximately $639,000. Finally, Banque Cantonale Vaudoise acquired a new position in Galiano Gold during the third quarter valued at approximately $33,000. 66.82% of the stock is currently owned by institutional investors.

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.