Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Equities researchers at Cormark raised their Q3 2024 earnings estimates for shares of Galiano Gold in a note issued to investors on Wednesday, October 23rd. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.03 per share for the quarter, up from their prior estimate of $0.01. The consensus estimate for Galiano Gold's current full-year earnings is $0.13 per share.
Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). The business had revenue of $63.00 million for the quarter.
Separately, HC Wainwright decreased their price objective on shares of Galiano Gold from $4.40 to $4.20 and set a "buy" rating on the stock in a research report on Monday, August 12th.
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Galiano Gold Stock Down 1.7 %
Shares of GAU traded down $0.03 during midday trading on Monday, hitting $1.73. 1,349,798 shares of the company traded hands, compared to its average volume of 998,204. Galiano Gold has a one year low of $0.52 and a one year high of $2.00. The stock has a market cap of $444.51 million, a PE ratio of 58.33 and a beta of 1.13.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in shares of Galiano Gold by 186.2% in the second quarter. Acadian Asset Management LLC now owns 944,190 shares of the company's stock worth $1,613,000 after purchasing an additional 614,316 shares during the last quarter. Marshall Wace LLP boosted its holdings in 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. Donald Smith & CO. Inc. boosted its holdings in Galiano Gold by 5.6% in the second quarter. Donald Smith & CO. Inc. now owns 17,919,638 shares of the company's stock valued at $30,822,000 after acquiring an additional 947,328 shares in the last quarter. Virtu Financial LLC bought a new stake in Galiano Gold in the first quarter valued at $118,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in Galiano Gold by 141.7% in the second quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company's stock valued at $93,000 after acquiring an additional 31,757 shares in the last quarter. 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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