Equities Analysts Issue Forecasts for Galiano Gold Inc.’s Q3 2024 Earnings (NYSEAMERICAN:GAU)

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Equities researchers at Cormark decreased their Q3 2024 earnings per share estimates for shares of Galiano Gold in a report released on Thursday, April 18th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.08 per share for the quarter, down from their previous forecast of $0.12. The consensus estimate for Galiano Gold’s current full-year earnings is $0.19 per share. Cormark also issued estimates for Galiano Gold’s Q4 2024 earnings at $0.11 EPS, FY2024 earnings at $0.19 EPS, FY2025 earnings at $0.94 EPS and FY2026 earnings at $0.49 EPS.

Galiano Gold (NYSEAMERICAN:GAU) last posted its quarterly earnings results on Friday, February 16th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05).

A number of other equities analysts have also weighed in on the company. BMO Capital Markets boosted their target price on Galiano Gold from $1.50 to $2.25 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. HC Wainwright reissued a “buy” rating and issued a $2.20 target price on shares of Galiano Gold in a research report on Tuesday, February 20th.

Galiano Gold Trading Down 1.3 %

GAU opened at $1.48 on Friday. The stock has a 50-day moving average of $0.61. The stock has a market cap of $375.39 million, a price-to-earnings ratio of 13.46 and a beta of 1.12. Galiano Gold has a 1 year low of $0.52 and a 1 year high of $1.60.

Hedge Funds Weigh In On Galiano Gold

A number of hedge funds have recently bought and sold shares of GAU. Jane Street Group LLC grew its stake in shares of Galiano Gold by 138.4% during the 3rd quarter. Jane Street Group LLC now owns 58,285 shares of the company’s stock valued at $28,000 after purchasing an additional 33,834 shares during the period. ExodusPoint Capital Management LP bought a new stake in shares of Galiano Gold during the 4th quarter valued at about $134,000. Russell Investments Group Ltd. bought a new stake in shares of Galiano Gold during the 2nd quarter valued at about $246,000. Millennium Management LLC grew its stake in shares of Galiano Gold by 937.8% during the 4th quarter. Millennium Management LLC now owns 1,128,294 shares of the company’s stock valued at $587,000 after purchasing an additional 1,019,576 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Galiano Gold during the 4th quarter valued at about $1,500,000. Hedge funds and other institutional investors own 66.82% of the company’s stock.

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.