Cormark Has Pessimistic View of Galiano Gold Q1 Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Research analysts at Cormark cut their Q1 2025 earnings per share estimates for shares of Galiano Gold in a research report issued to clients and investors on Thursday, January 30th. Cormark analyst R. Gray now expects that the company will post earnings of $0.03 per share for the quarter, down from their previous forecast of $0.17. The consensus estimate for Galiano Gold's current full-year earnings is $0.08 per share. Cormark also issued estimates for Galiano Gold's Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.07 EPS, FY2025 earnings at $0.26 EPS and FY2026 earnings at $0.51 EPS.

A number of other research firms also recently issued reports on GAU. HC Wainwright cut their target price on shares of Galiano Gold from $3.10 to $2.80 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. BMO Capital Markets lowered shares of Galiano Gold from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Finally, Eight Capital raised Galiano Gold to a "strong-buy" rating in a research note on Tuesday, November 19th.

Galiano Gold Trading Down 2.5 %

Shares of NYSEAMERICAN GAU traded down $0.03 during trading on Monday, reaching $1.19. The company had a trading volume of 793,426 shares, compared to its average volume of 865,968. Galiano Gold has a 52 week low of $0.81 and a 52 week high of $2.00. The company has a market cap of $305.93 million, a PE ratio of -59.50 and a beta of 1.05.

Galiano Gold (NYSEAMERICAN:GAU - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.04. The business had revenue of $71.13 million during the quarter.

Institutional Investors Weigh In On Galiano Gold

Several hedge funds have recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in shares of Galiano Gold in the third quarter valued at about $33,000. HighTower Advisors LLC acquired a new position in shares of Galiano Gold during the 3rd quarter worth approximately $36,000. Sprott Inc. acquired a new stake in shares of Galiano Gold in the fourth quarter valued at approximately $39,000. XTX Topco Ltd bought a new stake in shares of Galiano Gold during the 3rd quarter valued at $64,000. Finally, Cubist Systematic Strategies LLC raised its stake 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 purchasing an additional 31,757 shares in the last quarter. 66.82% of the stock is currently owned by institutional investors and hedge funds.

Galiano Gold Company Profile

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.