HC Wainwright Brokers Reduce Earnings Estimates for Galiano Gold Inc. (NYSEAMERICAN:GAU)

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Analysts at HC Wainwright cut their FY2024 EPS estimates for Galiano Gold in a research report issued on Tuesday, May 7th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of $0.22 per share for the year, down from their prior estimate of $0.25. HC Wainwright has a “Buy” rating and a $4.40 price objective on the stock. The consensus estimate for Galiano Gold’s current full-year earnings is $0.27 per share. HC Wainwright also issued estimates for Galiano Gold’s FY2025 earnings at $0.58 EPS.

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

Galiano Gold Stock Down 0.6 %

GAU stock opened at $1.75 on Wednesday. The firm has a market capitalization of $443.87 million, a PE ratio of 35.00 and a beta of 1.08. Galiano Gold has a fifty-two week low of $0.52 and a fifty-two week high of $1.85. The stock’s 50-day moving average price is $0.61.

Galiano Gold (NYSEAMERICAN:GAU) last announced its earnings results on Thursday, May 2nd. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $31.70 million during the quarter.

Institutional Investors Weigh In On Galiano Gold

Large investors have recently made changes to their positions in the stock. Equinox Partners Investment Management LLC increased its position in 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 worth $50,300,000 after buying an additional 662,500 shares during the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of Galiano Gold by 39.3% during the 4th quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company’s stock worth $16,063,000 after acquiring an additional 4,817,585 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Galiano Gold in the 4th quarter valued at $1,500,000. Finally, Sapient Capital LLC acquired a new stake in Galiano Gold during the 1st quarter valued at $279,000. Institutional investors and hedge funds own 66.82% of the company’s stock.

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.