Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Analysts at HC Wainwright lowered their FY2024 earnings per share estimates for shares of Galiano Gold in a research report issued to clients and investors on Tuesday, November 12th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of $0.10 for the year, down from their previous estimate of $0.22. HC Wainwright has a "Buy" rating and a $4.60 price target on the stock. The consensus estimate for Galiano Gold's current full-year earnings is $0.13 per share. HC Wainwright also issued estimates for Galiano Gold's FY2025 earnings at $0.46 EPS.
Galiano Gold Price Performance
Shares of GAU traded down $0.01 during midday trading on Thursday, hitting $1.45. The stock had a trading volume of 153,074 shares, compared to its average volume of 985,014. The company has a market capitalization of $371.28 million, a price-to-earnings ratio of -72.00 and a beta of 1.10. Galiano Gold has a twelve month low of $0.55 and a twelve month high of $2.00.
Institutional Trading of Galiano Gold
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. lifted its holdings in Galiano Gold by 33.3% during the 3rd quarter. Donald Smith & CO. Inc. now owns 23,881,323 shares of the company's stock valued at $33,911,000 after purchasing an additional 5,961,685 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Galiano Gold by 186.2% during the second quarter. Acadian Asset Management LLC now owns 944,190 shares of the company's stock worth $1,613,000 after buying an additional 614,316 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Galiano Gold by 208.8% in the second quarter. Marshall Wace LLP now owns 1,498,359 shares of the company's stock valued at $2,577,000 after acquiring an additional 1,013,141 shares in the last quarter. Virtu Financial LLC bought a new position in Galiano Gold during the first quarter worth about $118,000. Finally, Van ECK Associates Corp raised its stake in Galiano Gold by 43.3% in the 3rd quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company's stock worth $9,733,000 after purchasing an additional 2,070,000 shares in the last quarter. 66.82% of the stock is owned by institutional investors.
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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