FY2024 EPS Estimates for Galiano Gold Cut by Scotiabank

Galiano Gold Inc. (TSE:GAU) – Equities researchers at Scotiabank cut their FY2024 earnings per share estimates for shares of Galiano Gold in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will post earnings of $0.07 per share for the year, down from their previous estimate of $0.08.

Separately, Eight Capital set a C$3.50 target price on shares of Galiano Gold and gave the company a “buy” rating in a research report on Tuesday, November 19th.

Galiano Gold Price Performance

Shares of GAU opened at C$1.84 on Friday. The company has a 50 day moving average of C$1.95 and a 200-day moving average of C$2.09. The company has a quick ratio of 15.77, a current ratio of 2.31 and a debt-to-equity ratio of 18.59. The stock has a market capitalization of C$472.73 million, a P/E ratio of 26.29, a P/E/G ratio of 0.15 and a beta of 1.05. Galiano Gold has a twelve month low of C$1.09 and a twelve month 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.