FY2025 EPS Estimates for Galiano Gold Decreased by Analyst

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Investment analysts at HC Wainwright decreased their FY2025 earnings estimates for Galiano Gold in a report issued on Thursday, January 16th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of $0.38 per share for the year, down from their previous estimate of $0.46. HC Wainwright has a “Buy” rating and a $3.10 price target on the stock. The consensus estimate for Galiano Gold’s current full-year earnings is $0.13 per share.

Separately, Eight Capital raised shares of Galiano Gold to a “strong-buy” rating in a research note on Tuesday, November 19th.

Galiano Gold Stock Down 3.4 %

Shares of NYSEAMERICAN:GAU opened at $1.12 on Friday. Galiano Gold has a 12 month low of $0.80 and a 12 month high of $2.00. The stock has a market capitalization of $287.93 million, a P/E ratio of -56.00 and a beta of 1.06.

Institutional Trading of Galiano Gold

Large investors have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. increased its holdings in Galiano Gold by 33.3% in the 3rd quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company’s stock worth $33,911,000 after buying an additional 5,961,685 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Galiano Gold in the 3rd quarter valued at $639,000. XTX Topco Ltd acquired a new stake in shares of Galiano Gold in the third quarter worth $64,000. Marshall Wace LLP increased its stake in shares of Galiano Gold by 208.8% in the second quarter. Marshall Wace LLP now owns 1,498,359 shares of the company’s stock worth $2,577,000 after acquiring an additional 1,013,141 shares during the period. Finally, Van ECK Associates Corp raised its holdings in shares of Galiano Gold by 43.3% during the third quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company’s stock worth $9,733,000 after purchasing an additional 2,070,000 shares during the last quarter. Hedge funds and other institutional investors 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.