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HC Wainwright Lowers Earnings Estimates for Galiano Gold

Galiano Gold logo with Basic Materials background

Galiano Gold Inc. (TSE:GAU - Free Report) - Investment analysts at HC Wainwright decreased their FY2024 earnings per share (EPS) estimates for Galiano Gold in a research report issued on Tuesday, November 12th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of $0.14 for the year, down from their prior forecast of $0.30. HC Wainwright also issued estimates for Galiano Gold's FY2025 earnings at $0.64 EPS.

Galiano Gold Trading Up 3.0 %

TSE:GAU traded up C$0.06 on Thursday, reaching C$2.07. The stock had a trading volume of 25,500 shares, compared to its average volume of 215,368. Galiano Gold has a 12-month low of C$0.75 and a 12-month high of C$2.73. The company has a market cap of C$531.82 million, a price-to-earnings ratio of 28.71, a P/E/G ratio of 0.15 and a beta of 1.05. The firm's fifty day moving average is C$2.06 and its two-hundred day moving average is C$2.20. The company has a debt-to-equity ratio of 18.59, a current ratio of 2.31 and a quick ratio of 15.77.

Insider Activity

In other Galiano Gold news, Director Judith Mosely sold 49,500 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of C$1.81, for a total transaction of C$89,595.00. Company insiders own 23.08% of the company's stock.

About Galiano Gold

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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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Earnings History and Estimates for Galiano Gold (TSE:GAU)

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