Galiano Gold Inc. (NYSEAMERICAN:GAU) to Post FY2024 Earnings of $0.25 Per Share, HC Wainwright Forecasts

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Equities researchers at HC Wainwright issued their FY2024 earnings per share estimates for Galiano Gold in a note issued to investors on Monday, April 29th. HC Wainwright analyst H. Ihle expects that the company will post earnings per share of $0.25 for the year. HC Wainwright has a “Buy” rating and a $4.30 price objective on the stock. The consensus estimate for Galiano Gold’s current full-year earnings is $0.19 per share. HC Wainwright also issued estimates for Galiano Gold’s FY2025 earnings at $0.51 EPS.

Separately, BMO Capital Markets raised their price target on Galiano Gold from $1.50 to $2.25 and gave the company an “outperform” rating in a research report on Thursday, March 7th.

Galiano Gold Stock Down 2.1 %

NYSEAMERICAN GAU opened at $1.62 on Wednesday. The company’s 50-day moving average price is $0.61. Galiano Gold has a twelve month low of $0.52 and a twelve month high of $1.73. The stock has a market capitalization of $409.63 million, a P/E ratio of 14.68 and a beta of 1.12.

Galiano Gold (NYSEAMERICAN:GAU) last released its quarterly earnings results on Friday, February 16th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05).

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Equinox Partners Investment Management LLC grew its stake in shares of Galiano Gold by 1.9% during the first quarter. Equinox Partners Investment Management LLC now owns 36,225,936 shares of the company’s stock valued at $50,300,000 after buying an additional 662,500 shares during the last quarter. Donald Smith & CO. Inc. grew its stake in shares of Galiano Gold by 39.3% during the fourth quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company’s stock valued at $16,063,000 after buying an additional 4,817,585 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Galiano Gold in the fourth quarter worth about $1,500,000. Finally, Sapient Capital LLC bought a new stake in shares of Galiano Gold in the first quarter worth about $279,000. 66.82% of the stock is owned by institutional investors.

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.