HC Wainwright Reduces Earnings Estimates for Galiano Gold

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Analysts at HC Wainwright dropped their FY2025 earnings per share (EPS) estimates for Galiano Gold in a report issued on Thursday, January 16th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of $0.38 for the year, down from their previous forecast of $0.46. HC Wainwright has a “Buy” rating and a $3.10 price objective on the stock. The consensus estimate for Galiano Gold’s current full-year earnings is $0.13 per share.

Separately, Eight Capital upgraded Galiano Gold to a “strong-buy” rating in a research report on Tuesday, November 19th.

Galiano Gold Price Performance

Shares of NYSEAMERICAN:GAU opened at $1.09 on Friday. The stock has a market cap of $280.22 million, a P/E ratio of -54.50 and a beta of 1.06. Galiano Gold has a 12-month low of $0.80 and a 12-month high of $2.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. lifted its holdings in Galiano Gold by 33.3% during the 3rd quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company’s stock worth $33,911,000 after buying an additional 5,961,685 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Galiano Gold by 43.3% during the third quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company’s stock worth $9,733,000 after acquiring an additional 2,070,000 shares during the period. Marshall Wace LLP raised its stake in shares of Galiano Gold by 208.8% in the second quarter. Marshall Wace LLP now owns 1,498,359 shares of the company’s stock valued at $2,577,000 after acquiring an additional 1,013,141 shares in the last quarter. De Lisle Partners LLP raised its stake in shares of Galiano Gold by 14.0% in the third quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock valued at $1,154,000 after acquiring an additional 100,000 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Galiano Gold in the third quarter valued at $639,000. Institutional investors and hedge funds 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.