Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Investment analysts at Scotiabank cut their FY2026 EPS estimates for Galiano Gold in a research report issued on Wednesday, March 19th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $0.28 per share for the year, down from their prior estimate of $0.39. The consensus estimate for Galiano Gold's current full-year earnings is $0.08 per share.
Other equities research analysts have also recently issued research reports about the company. HC Wainwright restated a "buy" rating and issued a $2.80 price target on shares of Galiano Gold in a report on Wednesday, March 19th. BMO Capital Markets lowered shares of Galiano Gold from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th.
Read Our Latest Stock Analysis on GAU
Galiano Gold Stock Performance
GAU stock traded up $0.01 on Monday, reaching $1.26. 735,167 shares of the company's stock were exchanged, compared to its average volume of 1,011,937. The company has a fifty day moving average of $1.23. The company has a market cap of $324.02 million, a price-to-earnings ratio of -63.00 and a beta of 1.05. Galiano Gold has a twelve month low of $1.07 and a twelve month high of $2.00.
Institutional Investors Weigh In On Galiano Gold
A number of hedge funds and other institutional investors have recently made changes to their positions in GAU. Aegis Financial Corp boosted its holdings in shares of Galiano Gold by 2,154.8% during the 4th quarter. Aegis Financial Corp now owns 2,392,299 shares of the company's stock worth $2,978,000 after buying an additional 2,286,199 shares during the period. Donald Smith & CO. Inc. boosted its holdings in Galiano Gold by 7.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 25,708,407 shares of the company's stock valued at $31,621,000 after acquiring an additional 1,827,084 shares during the period. Ruffer LLP grew its position in shares of Galiano Gold by 4.8% in the fourth quarter. Ruffer LLP now owns 18,438,262 shares of the company's stock valued at $22,960,000 after purchasing an additional 838,300 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Galiano Gold in the third quarter worth about $639,000. Finally, Marshall Wace LLP lifted its position in shares of Galiano Gold by 20.6% during the 4th quarter. Marshall Wace LLP now owns 1,815,814 shares of the company's stock worth $2,233,000 after purchasing an additional 309,781 shares during the last quarter. 66.82% of the stock is owned by hedge funds and other 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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