Cormark Has Strong Forecast for Galiano Gold FY2026 Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Equities research analysts at Cormark boosted their FY2026 earnings estimates for Galiano Gold in a research note issued to investors on Monday, November 11th. Cormark analyst R. Gray now expects that the company will post earnings of $0.72 per share for the year, up from their prior forecast of $0.63. The consensus estimate for Galiano Gold's current full-year earnings is $0.13 per share.

Separately, HC Wainwright increased their price target on shares of Galiano Gold from $4.20 to $4.60 and gave the company a "buy" rating in a research report on Tuesday.

Galiano Gold Trading Up 2.1 %

Shares of GAU stock traded up $0.03 during midday trading on Wednesday, reaching $1.46. 802,515 shares of the company traded hands, compared to its average volume of 986,322. The company has a market cap of $375.13 million, a price-to-earnings ratio of 14.30 and a beta of 1.10. Galiano Gold has a 1-year low of $0.52 and a 1-year high of $2.00.

Institutional Investors Weigh In On Galiano Gold

A number of institutional investors have recently made changes to their positions in the company. Donald Smith & CO. Inc. grew its position in shares of 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 buying an additional 5,961,685 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Galiano Gold by 186.2% in the second quarter. Acadian Asset Management LLC now owns 944,190 shares of the company's stock valued at $1,613,000 after acquiring an additional 614,316 shares during the period. Marshall Wace LLP grew its holdings in shares of Galiano Gold by 208.8% during the second quarter. Marshall Wace LLP now owns 1,498,359 shares of the company's stock valued at $2,577,000 after purchasing an additional 1,013,141 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Galiano Gold during the 1st quarter worth approximately $118,000. Finally, Van ECK Associates Corp boosted its position in Galiano Gold by 43.3% during the 3rd quarter. Van ECK Associates Corp now owns 6,854,000 shares of the company's stock valued at $9,733,000 after purchasing an additional 2,070,000 shares during the period. 66.82% of the stock is currently owned by institutional investors.

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.