Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Analysts at HC Wainwright lifted their FY2025 earnings per share estimates for Galiano Gold in a report issued on Wednesday, March 19th. HC Wainwright analyst H. Ihle now forecasts that the company will earn $0.42 per share for the year, up from their previous forecast of $0.40. HC Wainwright currently has a "Buy" rating and a $2.80 target price on the stock. The consensus estimate for Galiano Gold's current full-year earnings is $0.08 per share.
Separately, BMO Capital Markets cut Galiano Gold from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th.
Read Our Latest Stock Report on GAU
Galiano Gold Stock Down 0.8 %
Shares of NYSEAMERICAN GAU traded down $0.01 during midday trading on Thursday, reaching $1.24. 574,555 shares of the stock were exchanged, compared to its average volume of 1,018,410. Galiano Gold has a 12 month low of $1.07 and a 12 month high of $2.00. The business's 50-day moving average is $1.23. The stock has a market capitalization of $318.88 million, a P/E ratio of -62.00 and a beta of 1.05.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise acquired a new stake in shares of Galiano Gold in the 3rd quarter valued at approximately $33,000. HighTower Advisors LLC bought a new stake in Galiano Gold during the third quarter worth $36,000. Sprott Inc. acquired a new stake in Galiano Gold in the fourth quarter valued at $39,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Galiano Gold in the 4th quarter valued at about $54,000. Finally, XTX Topco Ltd bought a new position in shares of Galiano Gold in the 3rd quarter valued at about $64,000. Institutional investors own 66.82% 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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