Cormark Has Negative Forecast for Galiano Gold Q1 Earnings

Galiano Gold Inc. (TSE:GAU) – Equities researchers at Cormark lowered their Q1 2025 earnings estimates for shares of Galiano Gold in a research note issued on Thursday, January 30th. Cormark analyst R. Gray now anticipates that the company will earn $0.04 per share for the quarter, down from their prior forecast of $0.24. Cormark also issued estimates for Galiano Gold’s Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.10 EPS, FY2025 earnings at $0.37 EPS and FY2026 earnings at $0.73 EPS.

Galiano Gold (TSE:GAU) last issued its earnings results on Thursday, November 7th. The company reported C$0.10 EPS for the quarter, topping analysts’ consensus estimates of C$0.04 by C$0.06. Galiano Gold had a net margin of 10.14% and a return on equity of 4.46%. During the same period in the prior year, the company posted $0.07 EPS.

A number of other equities analysts also recently issued reports on the stock. BMO Capital Markets downgraded shares of Galiano Gold from a “strong-buy” rating to a “hold” rating and dropped their price objective for the company from C$2.50 to C$1.50 in a research note on Wednesday, January 29th. Eight Capital set a C$3.50 price objective on shares of Galiano Gold and gave the company a “buy” rating in a research note on Tuesday, November 19th.

Galiano Gold Price Performance

Shares of GAU stock opened at C$1.65 on Monday. The company has a debt-to-equity ratio of 18.59, a current ratio of 2.31 and a quick ratio of 15.77. The company has a market capitalization of C$423.92 million, a P/E ratio of 23.57, a P/E/G ratio of 0.15 and a beta of 1.05. The company’s 50-day simple moving average is C$1.80 and its two-hundred day simple moving average is C$2.01. Galiano Gold has a one year low of C$1.09 and a one year high of C$2.73.

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.