Brokers Set Expectations for Galiano Gold FY2025 Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU - Free Report) - Scotiabank decreased their FY2025 earnings estimates for shares of Galiano Gold in a report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will earn $0.10 per share for the year, down from their prior estimate of $0.47. The consensus estimate for Galiano Gold's current full-year earnings is $0.13 per share. Scotiabank also issued estimates for Galiano Gold's FY2026 earnings at $0.39 EPS.

A number of other equities analysts also recently issued reports on the company. HC Wainwright upped their price target on Galiano Gold from $4.20 to $4.60 and gave the company a "buy" rating in a report on Tuesday, November 12th. Eight Capital raised shares of Galiano Gold to a "strong-buy" rating in a research report on Tuesday, November 19th.

Galiano Gold Stock Down 1.6 %

NYSEAMERICAN:GAU opened at $1.25 on Monday. Galiano Gold has a 1 year low of $0.80 and a 1 year high of $2.00. The stock has a market cap of $321.35 million, a PE ratio of -62.50 and a beta of 1.04.

Institutional Trading of Galiano Gold

A number of large investors have recently bought and sold shares of GAU. Sapient Capital LLC increased its holdings in shares of Galiano Gold by 6.7% in the third quarter. Sapient Capital LLC now owns 247,694 shares of the company's stock valued at $354,000 after purchasing an additional 15,450 shares during the period. Banque Cantonale Vaudoise acquired a new position in Galiano Gold in the 3rd quarter valued at $33,000. HighTower Advisors LLC purchased a new position in Galiano Gold during the 3rd quarter worth $36,000. Cubist Systematic Strategies LLC lifted its stake in shares of Galiano Gold by 141.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company's stock worth $93,000 after acquiring an additional 31,757 shares during the period. Finally, National Bank of Canada FI purchased a new stake in shares of Galiano Gold in the second quarter valued at about $59,000. Institutional investors and hedge funds own 66.82% of the company's stock.

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.