HC Wainwright Research Analysts Reduce Earnings Estimates for Galiano Gold Inc. (TSE:GAU)

Galiano Gold Inc. (TSE:GAU) – Analysts at HC Wainwright reduced their FY2024 earnings per share estimates for Galiano Gold in a report released on Tuesday, May 7th. HC Wainwright analyst H. Ihle now expects that the company will earn $0.30 per share for the year, down from their prior forecast of $0.34. The consensus estimate for Galiano Gold’s current full-year earnings is $0.37 per share. HC Wainwright also issued estimates for Galiano Gold’s FY2025 earnings at $0.79 EPS.

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

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

Galiano Gold Price Performance

GAU opened at C$2.39 on Wednesday. Galiano Gold has a 1 year low of C$0.68 and a 1 year high of C$2.52. The firm’s fifty day moving average price is C$1.84 and its two-hundred day moving average price is C$1.32. The company has a market capitalization of C$605.79 million, a price-to-earnings ratio of 6.46, a P/E/G 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.

Insider Activity at Galiano Gold

In related news, Director Paul Nicholas Wright purchased 59,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average cost 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 the company’s stock in a transaction dated Tuesday, March 12th. The shares were 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 the 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 have purchased a total of 81,985 shares of company stock worth $101,652 over the last quarter. Corporate 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.