Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Stock analysts at HC Wainwright raised their FY2025 earnings estimates for shares of Galiano Gold in a research report issued to clients and investors on Wednesday, January 29th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of $0.40 per share for the year, up from their prior estimate of $0.38. HC Wainwright has a "Buy" rating and a $2.80 price objective on the stock. The consensus estimate for Galiano Gold's current full-year earnings is $0.08 per share.
Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of $71.13 million for the quarter.
Several other equities research analysts have also recently weighed in on GAU. Eight Capital upgraded Galiano Gold to a "strong-buy" rating in a report on Tuesday, November 19th. BMO Capital Markets downgraded shares of Galiano Gold from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th.
View Our Latest Report on Galiano Gold
Galiano Gold Stock Down 2.5 %
NYSEAMERICAN GAU traded down $0.03 on Monday, hitting $1.19. 793,426 shares of the stock were exchanged, compared to its average volume of 865,968. Galiano Gold has a 52-week low of $0.81 and a 52-week high of $2.00. The firm has a market capitalization of $305.93 million, a price-to-earnings ratio of -59.50 and a beta of 1.05.
Hedge Funds Weigh In On Galiano Gold
Several hedge funds have recently bought and sold shares of the company. Donald Smith & CO. Inc. grew its stake in shares of Galiano Gold by 33.3% during the third quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company's stock worth $33,911,000 after purchasing an additional 5,961,685 shares in the last quarter. Van ECK Associates Corp increased its stake 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 acquiring an additional 2,070,000 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Galiano Gold in the third quarter worth $639,000. JPMorgan Chase & Co. purchased a new stake in shares of Galiano Gold during the 3rd quarter worth approximately $147,000. Finally, De Lisle Partners LLP raised its position in Galiano Gold by 14.0% during the third quarter. De Lisle Partners LLP now owns 815,416 shares of the company's stock worth $1,154,000 after acquiring an additional 100,000 shares during the last quarter. Institutional investors and hedge funds own 66.82% of the company's stock.
Galiano Gold Company Profile
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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.
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