Cormark Has Negative Forecast for Galiano Gold Q1 Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Cormark decreased their Q1 2025 EPS estimates for shares of Galiano Gold in a report issued on Wednesday, March 19th. Cormark analyst R. Gray now expects that the company will post earnings of $0.00 per share for the quarter, down from their prior estimate of $0.03. The consensus estimate for Galiano Gold's current full-year earnings is $0.08 per share. Cormark also issued estimates for Galiano Gold's Q4 2025 earnings at $0.09 EPS, FY2026 earnings at $0.49 EPS and FY2027 earnings at $0.58 EPS.

A number of other equities analysts also recently weighed in on the stock. BMO Capital Markets downgraded shares of Galiano Gold from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. HC Wainwright reaffirmed a "buy" rating and set a $2.80 price objective on shares of Galiano Gold in a research report on Wednesday, March 19th.

Galiano Gold Trading Down 0.8 %

NYSEAMERICAN GAU traded down $0.01 during trading hours on Thursday, reaching $1.24. 574,555 shares of the company's stock traded hands, compared to its average volume of 1,018,410. Galiano Gold has a 52-week low of $1.07 and a 52-week high of $2.00. The business's 50-day simple moving average is $1.23. The company has a market cap of $318.88 million, a price-to-earnings ratio of -62.00 and a beta of 1.05.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GAU. Banque Cantonale Vaudoise purchased a new position in shares of Galiano Gold in the third quarter worth $33,000. The Manufacturers Life Insurance Company bought a new stake in Galiano Gold in the 3rd quarter worth about $639,000. De Lisle Partners LLP raised its position in Galiano Gold by 14.0% in the 3rd quarter. De Lisle Partners LLP now owns 815,416 shares of the company's stock worth $1,154,000 after buying an additional 100,000 shares during the last quarter. HighTower Advisors LLC bought a new position in Galiano Gold during the 3rd quarter valued at about $36,000. Finally, XTX Topco Ltd purchased a new stake in shares of Galiano Gold during the 3rd quarter valued at about $64,000. Institutional investors own 66.82% of the company's stock.

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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.