Cormark Issues Pessimistic Outlook for Galiano Gold Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Investment analysts at Cormark dropped their Q1 2025 earnings per share estimates for Galiano Gold in a research note issued to investors on Thursday, January 30th. Cormark analyst R. Gray now anticipates that the company will earn $0.03 per share for the quarter, down from their previous forecast of $0.17. The consensus estimate for Galiano Gold’s current full-year earnings is $0.08 per share. Cormark also issued estimates for Galiano Gold’s Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.07 EPS, FY2025 earnings at $0.26 EPS and FY2026 earnings at $0.51 EPS.

A number of other brokerages also recently commented on GAU. Eight Capital upgraded Galiano Gold to a “strong-buy” rating in a report on Tuesday, November 19th. HC Wainwright decreased their price objective on Galiano Gold from $3.10 to $2.80 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, BMO Capital Markets downgraded Galiano Gold from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th.

Galiano Gold Stock Up 1.8 %

Shares of Galiano Gold stock opened at $1.16 on Monday. The company has a market cap of $298.21 million, a P/E ratio of -58.00 and a beta of 1.05. Galiano Gold has a 52 week low of $0.80 and a 52 week high of $2.00.

Galiano Gold (NYSEAMERICAN:GAU) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $71.13 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in shares of Galiano Gold in the third quarter worth about $33,000. HighTower Advisors LLC bought a new position in shares of Galiano Gold in the third quarter worth about $36,000. Sprott Inc. bought a new position in shares of Galiano Gold in the fourth quarter worth about $39,000. XTX Topco Ltd bought a new position in shares of Galiano Gold in the third quarter worth about $64,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Galiano Gold by 141.7% in the second quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock worth $93,000 after buying an additional 31,757 shares during the period. 66.82% of the stock is owned by hedge funds and other institutional investors.

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.