Cormark Issues Negative Outlook for Galiano Gold Earnings

Galiano Gold Inc. (TSE:GAU) – Stock analysts at Cormark reduced their Q4 2024 earnings estimates for Galiano Gold in a research note issued to investors on Thursday, January 16th. Cormark analyst R. Gray now expects that the company will earn $0.12 per share for the quarter, down from their prior estimate of $0.14. Cormark also issued estimates for Galiano Gold’s FY2025 earnings at $0.96 EPS.

A number of other equities research analysts also recently issued reports on the stock. BMO Capital Markets lowered their price target on shares of Galiano Gold from C$3.50 to C$2.50 in a report on Wednesday, January 15th. Eight Capital set a C$3.50 price target on shares of Galiano Gold and gave the stock a “buy” rating in a report on Tuesday, November 19th.

Galiano Gold Trading Down 0.6 %

Shares of Galiano Gold stock opened at C$1.56 on Monday. Galiano Gold has a 12-month low of C$1.09 and a 12-month high of C$2.73. The company has a market cap of C$400.80 million, a price-to-earnings ratio of 22.29, a PEG ratio of 0.15 and a beta of 1.05. The company has a current ratio of 2.31, a quick ratio of 15.77 and a debt-to-equity ratio of 18.59. The company’s 50-day moving average price is C$1.87 and its 200-day moving average price is C$2.06.

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.