FY2024 EPS Estimates for Galiano Gold Reduced by Scotiabank

Galiano Gold Inc. (TSE:GAU) – Research analysts at Scotiabank lowered their FY2024 EPS estimates for shares of Galiano Gold in a report released on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $0.07 for the year, down from their previous estimate of $0.08.

Separately, Eight Capital set a C$3.50 target price on shares of Galiano Gold and gave the stock a “buy” rating in a report on Tuesday, November 19th.

Galiano Gold Trading Down 2.7 %

GAU opened at C$1.79 on Friday. The firm has a 50 day simple moving average of C$1.93 and a 200 day simple moving average of C$2.09. Galiano Gold has a fifty-two week low of C$1.09 and a fifty-two week high of C$2.73. The company has a market cap of C$459.89 million, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05. The company has a debt-to-equity ratio of 18.59, a current ratio of 2.31 and a quick ratio of 15.77.

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.