Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Equities research analysts at Cormark reduced their FY2025 earnings per share estimates for shares of Galiano Gold in a report issued on Wednesday, March 19th. Cormark analyst R. Gray now expects that the company will earn $0.21 per share for the year, down from their previous estimate of $0.26. The consensus estimate for Galiano Gold's current full-year earnings is $0.08 per share.
Several other research analysts have also recently weighed in on GAU. BMO Capital Markets cut shares of Galiano Gold from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. HC Wainwright reaffirmed a "buy" rating and issued a $2.80 price objective on shares of Galiano Gold in a research note on Wednesday, March 19th.
Check Out Our Latest Stock Analysis on Galiano Gold
Galiano Gold Price Performance
NYSEAMERICAN GAU remained flat at $1.24 during trading hours on Friday. The company's stock had a trading volume of 550,373 shares, compared to its average volume of 1,015,404. The firm has a market capitalization of $318.88 million, a P/E ratio of -62.00 and a beta of 1.05. Galiano Gold has a fifty-two week low of $1.07 and a fifty-two week high of $2.00. The firm's 50 day moving average is $1.23.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP boosted its position in Galiano Gold by 11.4% in the fourth quarter. Two Sigma Advisers LP now owns 155,800 shares of the company's stock worth $192,000 after purchasing an additional 16,000 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Galiano Gold by 0.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,741,253 shares of the company's stock worth $3,372,000 after purchasing an additional 16,677 shares during the period. Banque Cantonale Vaudoise bought a new position in Galiano Gold in the third quarter worth approximately $33,000. HighTower Advisors LLC purchased a new stake in shares of Galiano Gold in the 3rd quarter worth $36,000. Finally, Sprott Inc. purchased a new position in Galiano Gold during the fourth quarter valued at $39,000. Institutional investors 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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