Q3 2024 EPS Estimates for Galiano Gold Inc. (TSE:GAU) Lowered by Cormark

Galiano Gold Inc. (TSE:GAU) – Cormark dropped their Q3 2024 EPS estimates for Galiano Gold in a report released on Thursday, April 18th. Cormark analyst R. Gray now forecasts that the company will earn $0.11 per share 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.

Several other equities analysts have also recently weighed in on the stock. BMO Capital Markets raised their target price on shares of Galiano Gold from C$1.50 to C$2.25 in a research note on Thursday, March 7th. Scotiabank raised their target price on shares of Galiano Gold from C$1.20 to C$1.50 and gave the company a “sector perform” rating in a research note on Friday, December 22nd.

Galiano Gold Stock Performance

GAU opened at C$2.05 on Friday. The stock has a market capitalization of C$519.61 million, a price-to-earnings ratio of 5.54, a PEG ratio of 0.15 and a beta of 0.96. The company has a fifty day moving average of C$1.62 and a 200 day moving average of C$1.20. Galiano Gold has a fifty-two week low of C$0.68 and a fifty-two week high of C$2.20. The company has a debt-to-equity ratio of 0.10, a quick ratio of 15.77 and a current ratio of 4.76.

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

Insider Buying and Selling at Galiano Gold

In other Galiano Gold news, Director Paul Nicholas Wright acquired 59,500 shares of the stock in a transaction on Tuesday, March 12th. The stock was acquired at an average price of C$1.18 per share, for a total transaction of C$70,210.00. In other Galiano Gold news, Director Paul Nicholas Wright acquired 59,500 shares of the stock in a transaction on Tuesday, March 12th. The stock was acquired 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 the firm’s 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. Insiders acquired 81,985 shares of company stock worth $101,652 over the last 90 days. 26.43% of the stock is owned by insiders.

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.