What is Cormark's Estimate for Galiano Gold FY2025 Earnings?

Galiano Gold Inc. (TSE:GAU - Free Report) - Equities research analysts at Cormark dropped their FY2025 earnings per share estimates for Galiano Gold in a research report issued on Wednesday, March 19th. Cormark analyst R. Gray now anticipates that the company will earn $0.30 per share for the year, down from their prior forecast of $0.37.

Separately, BMO Capital Markets cut shares of Galiano Gold from a "strong-buy" rating to a "hold" rating and dropped their target price for the stock from C$2.50 to C$1.50 in a report on Wednesday, January 29th.

Galiano Gold Stock Performance

Shares of GAU stock traded down C$0.03 during trading hours on Friday, reaching C$1.76. The company had a trading volume of 19,436 shares, compared to its average volume of 152,551. The company has a debt-to-equity ratio of 17.37, a quick ratio of 15.77 and a current ratio of 1.97. The business has a fifty day moving average price of C$1.74 and a 200-day moving average price of C$1.90. Galiano Gold has a one year low of C$1.53 and a one year high of C$2.73. The firm has a market cap of C$320.73 million, a PE ratio of -542.84, a price-to-earnings-growth ratio of 0.15 and a beta of 1.05.

Galiano Gold Company Profile

Galiano Gold Inc is focused on building a sustainable business capable of long-term value creation for its stakeholders through a combination of exploration, accretive acquisitions, and the disciplined deployment of its financial resources. The company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa.