Galiano Gold Inc. (NYSEAMERICAN:GAU) Expected to Earn FY2025 Earnings of $1.07 Per Share

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Analysts at Cormark lifted their FY2025 earnings estimates for shares of Galiano Gold in a note issued to investors on Monday, May 6th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $1.07 for the year, up from their previous forecast of $0.94. The consensus estimate for Galiano Gold’s current full-year earnings is $0.27 per share. Cormark also issued estimates for Galiano Gold’s FY2026 earnings at $0.62 EPS.

Galiano Gold (NYSEAMERICAN:GAU) last released its earnings results on Thursday, May 2nd. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $31.70 million during the quarter.

Several other equities analysts have also recently weighed in on the stock. HC Wainwright raised their target price on shares of Galiano Gold from $4.30 to $4.40 and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets raised their target price on shares of Galiano Gold from $1.50 to $2.25 and gave the company an “outperform” rating in a research note on Thursday, March 7th.

Galiano Gold Stock Down 0.6 %

NYSEAMERICAN:GAU opened at $1.75 on Wednesday. Galiano Gold has a 1-year low of $0.52 and a 1-year high of $1.85. The firm has a fifty day moving average price of $0.61. The company has a market capitalization of $443.87 million, a PE ratio of 35.00 and a beta of 1.08.

Institutional Investors Weigh In On Galiano Gold

Several hedge funds have recently added to or reduced their stakes in the business. Equinox Partners Investment Management LLC lifted its holdings in shares of Galiano Gold by 1.9% during the first quarter. Equinox Partners Investment Management LLC now owns 36,225,936 shares of the company’s stock worth $50,300,000 after buying an additional 662,500 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of Galiano Gold by 39.3% during the fourth quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company’s stock worth $16,063,000 after buying an additional 4,817,585 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Galiano Gold during the fourth quarter worth $1,500,000. Finally, Sapient Capital LLC acquired a new stake in shares of Galiano Gold during the first quarter worth $279,000. 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.