Galiano Gold FY2024 EPS Forecast Reduced by HC Wainwright

Galiano Gold Inc. (TSE:GAU) – Analysts at HC Wainwright dropped their FY2024 EPS estimates for shares of Galiano Gold in a research report issued on Tuesday, November 12th. HC Wainwright analyst H. Ihle now forecasts that the company will earn $0.14 per share for the year, down from their prior estimate of $0.30. HC Wainwright also issued estimates for Galiano Gold’s FY2025 earnings at $0.64 EPS.

Galiano Gold Price Performance

Shares of TSE:GAU opened at C$2.01 on Thursday. The firm has a fifty day moving average price of C$2.06 and a two-hundred day moving average price of C$2.20. The company has a market cap of C$516.41 million, a price-to-earnings ratio of 28.71, a PEG ratio of 0.15 and a beta of 1.05. The company has a debt-to-equity ratio of 18.59, a current ratio of 2.31 and a quick ratio of 15.77. Galiano Gold has a one year low of C$0.71 and a one year high of C$2.73.

Insider Buying and Selling

In related news, Director Judith Mosely sold 49,500 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of C$1.81, for a total transaction of C$89,595.00. 23.08% of the stock is currently owned by company 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.