FY2026 EPS Estimates for Galiano Gold Reduced by Scotiabank

Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Investment analysts at Scotiabank cut their FY2026 EPS estimates for Galiano Gold in a report issued on Sunday, April 13th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $0.20 for the year, down from their prior estimate of $0.28. The consensus estimate for Galiano Gold's current full-year earnings is $0.08 per share.

Several other equities analysts have also issued reports on GAU. HC Wainwright reiterated a "buy" rating and issued a $2.80 target price on shares of Galiano Gold in a research note on Wednesday, March 19th. BMO Capital Markets downgraded shares of Galiano Gold from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th.

Galiano Gold Stock Down 5.0 %

Shares of NYSEAMERICAN GAU traded down $0.07 during midday trading on Wednesday, reaching $1.34. 1,345,259 shares of the company's stock traded hands, compared to its average volume of 964,887. The company has a market cap of $344.59 million, a price-to-earnings ratio of -67.00 and a beta of 1.05. Galiano Gold has a one year low of $1.00 and a one year high of $2.00. The stock's 50 day simple moving average is $1.24 and its 200-day simple moving average is $1.35.

Hedge Funds Weigh In On Galiano Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in Galiano Gold during the third quarter valued at $64,000. JPMorgan Chase & Co. purchased a new position in shares of Galiano Gold during the 3rd quarter valued at about $147,000. HighTower Advisors LLC acquired a new position in shares of Galiano Gold in the 3rd quarter valued at about $36,000. Aegis Financial Corp boosted its position in Galiano Gold by 2,154.8% in the 4th quarter. Aegis Financial Corp now owns 2,392,299 shares of the company's stock worth $2,978,000 after purchasing an additional 2,286,199 shares in the last quarter. Finally, Ruffer LLP grew its position in Galiano Gold by 4.8% during the fourth quarter. Ruffer LLP now owns 18,438,262 shares of the company's stock valued at $22,960,000 after buying an additional 838,300 shares during the period. Hedge funds and other institutional investors own 66.82% of the company's stock.

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.