Cormark Research Analysts Cut Earnings Estimates for Galiano Gold Inc. (TSE:GAU)

Galiano Gold Inc. (TSE:GAU) – Cormark decreased their Q3 2024 earnings estimates for Galiano Gold in a report issued on Thursday, April 18th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.11 for the quarter, down from their prior forecast of $0.16. The consensus estimate for Galiano Gold’s current full-year earnings is $0.37 per share. Cormark also issued estimates for Galiano Gold’s Q4 2024 earnings at $0.15 EPS, FY2024 earnings at $0.26 EPS, FY2025 earnings at $1.30 EPS and FY2026 earnings at $0.68 EPS.

Galiano Gold (TSE:GAU) last released its quarterly earnings results on Friday, February 16th. The company reported C($0.04) earnings per share for the quarter.

Separately, BMO Capital Markets lifted their price objective on shares of Galiano Gold from C$1.50 to C$2.25 in a research report on Thursday, March 7th.

Galiano Gold Stock Up 0.5 %

GAU opened at C$2.06 on Friday. The firm has a market capitalization of C$522.15 million, a P/E ratio of 5.57, a PEG ratio of 0.15 and a beta of 0.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.76 and a quick ratio of 15.77. Galiano Gold has a fifty-two week low of C$0.68 and a fifty-two week high of C$2.20. The company’s 50-day moving average is C$1.64 and its 200 day moving average is C$1.21.

Insiders Place Their Bets

In related news, Director Paul Nicholas Wright acquired 59,500 shares of the stock in a transaction on Tuesday, March 12th. The shares were acquired at an average price of C$1.18 per share, with a total value of C$70,210.00. In other Galiano Gold news, Director Paul Nicholas Wright bought 59,500 shares of Galiano Gold stock in a transaction dated Tuesday, March 12th. The stock was purchased at an average price of C$1.18 per share, for a total transaction of C$70,210.00. Also, Director Michael Price sold 65,100 shares of Galiano Gold stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$1.22, for a total transaction of C$79,096.50. Over the last 90 days, insiders have purchased 81,985 shares of company stock valued at $101,652. Company insiders own 26.43% 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.