Q3 2024 Earnings Estimate for Galiano Gold Inc. Issued By Cormark (TSE:GAU)

Galiano Gold Inc. (TSE:GAU) – Stock analysts at Cormark reduced their Q3 2024 earnings estimates for Galiano Gold in a research note issued to investors on Thursday, April 18th. Cormark analyst R. Gray now expects that the company will earn $0.11 per share for the quarter, down from their prior estimate 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.

A number of other brokerages also recently issued reports on GAU. BMO Capital Markets increased their price target on shares of Galiano Gold from C$1.50 to C$2.25 in a report 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 Trading Up 0.5 %

Shares of Galiano Gold stock opened at C$2.06 on Friday. Galiano Gold has a 12-month low of C$0.68 and a 12-month high of C$2.20. The company has a market cap of C$522.15 million, a price-to-earnings ratio of 5.57, a PEG ratio of 0.15 and a beta of 0.96. The company has a current ratio of 4.76, a quick ratio of 15.77 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is C$1.64 and its 200-day moving average price is C$1.21.

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

Insider Activity at Galiano Gold

In related news, Director Michael Price sold 65,100 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$1.22, for a total value of C$79,096.50. In other Galiano Gold news, Director Paul Nicholas Wright purchased 59,500 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were purchased at an average cost of C$1.18 per share, with a total value of C$70,210.00. Also, Director Michael Price sold 65,100 shares of Galiano Gold stock in a transaction that occurred on 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 81,985 shares of company stock valued at $101,652 over the last three months. 26.43% of the stock is owned by corporate insiders.

Galiano Gold Company Profile

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.