Cormark Comments on Galiano Gold Inc.’s FY2025 Earnings (NYSEAMERICAN:GAU)

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Equities researchers at Cormark raised their FY2025 EPS estimates for shares of Galiano Gold in a research report issued to clients and investors on Monday, May 6th. Cormark analyst R. Gray now anticipates that the company will post earnings of $1.07 per share for the year, up from their previous estimate 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.

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

Galiano Gold Stock Performance

NYSEAMERICAN:GAU opened at $1.75 on Wednesday. The stock’s 50 day moving average is $0.61. The stock has a market cap of $443.87 million, a P/E ratio of 35.00 and a beta of 1.08. Galiano Gold has a twelve month low of $0.52 and a twelve month high of $1.85.

Galiano Gold (NYSEAMERICAN:GAU) last announced 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.

Institutional Investors Weigh In On Galiano Gold

A number of institutional investors have recently modified their holdings of the business. Sapient Capital LLC purchased a new position in Galiano Gold in the 1st quarter valued at $279,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Galiano Gold in the 4th quarter worth approximately $1,500,000. Donald Smith & CO. Inc. increased its holdings in shares of 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 purchasing an additional 4,817,585 shares during the last quarter. Finally, Equinox Partners Investment Management LLC lifted its position in Galiano Gold by 60.5% during the fourth quarter. Equinox Partners Investment Management LLC now owns 35,563,436 shares of the company’s stock worth $32,762,000 after buying an additional 13,402,496 shares in the last quarter. 66.82% of the stock is currently owned by institutional investors and hedge funds.

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.