FY2024 EPS Estimates for Galiano Gold Inc. (NYSEAMERICAN:GAU) Cut by HC Wainwright

Galiano Gold Inc. (NYSEAMERICAN:GAU) – HC Wainwright cut their FY2024 earnings per share (EPS) estimates for shares of Galiano Gold in a report issued on Tuesday, May 7th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of $0.22 for the year, down from their previous estimate of $0.25. HC Wainwright has a “Buy” rating and a $4.40 price objective on the stock. The consensus estimate for Galiano Gold’s current full-year earnings is $0.27 per share. HC Wainwright also issued estimates for Galiano Gold’s FY2025 earnings at $0.58 EPS.

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

Separately, BMO Capital Markets upped their target price on shares of Galiano Gold from $1.50 to $2.25 and gave the stock an “outperform” rating in a research report on Thursday, March 7th.

Galiano Gold Price Performance

NYSEAMERICAN:GAU opened at $1.75 on Wednesday. Galiano Gold has a one year low of $0.52 and a one year high of $1.85. The business has a fifty day moving average of $0.61. The stock has a market cap of $443.87 million, a price-to-earnings ratio of 35.00 and a beta of 1.08.

Hedge Funds Weigh In On Galiano Gold

Several hedge funds have recently modified their holdings of GAU. Equinox Partners Investment Management LLC grew its stake in Galiano Gold by 1.9% during the 1st quarter. Equinox Partners Investment Management LLC now owns 36,225,936 shares of the company’s stock valued at $50,300,000 after purchasing an additional 662,500 shares during the last quarter. Donald Smith & CO. Inc. boosted its position in Galiano Gold by 39.3% in the fourth quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company’s stock valued at $16,063,000 after buying an additional 4,817,585 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Galiano Gold in the 4th quarter worth approximately $1,500,000. Finally, Sapient Capital LLC purchased a new position in Galiano Gold during the 1st quarter worth approximately $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.