FY2024 EPS Estimates for Galiano Gold Inc. (TSE:GAU) Cut by Analyst

Galiano Gold Inc. (TSE:GAU) – Analysts at HC Wainwright reduced their FY2024 EPS estimates for Galiano Gold in a research note issued to investors on Tuesday, May 7th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of $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.

Separately, BMO Capital Markets raised their price target on shares of Galiano Gold from C$1.50 to C$2.25 in a research note on Thursday, March 7th.

Galiano Gold Stock Down 1.3 %

TSE GAU opened at C$2.36 on Wednesday. The business has a fifty day moving average price of C$1.87 and a 200 day moving average price of C$1.33. The company has a debt-to-equity ratio of 0.10, a quick ratio of 15.77 and a current ratio of 4.76. The company has a market cap of C$598.19 million, a P/E ratio of 6.38, a P/E/G ratio of 0.15 and a beta of 0.96. Galiano Gold has a one year low of C$0.68 and a one year high of C$2.52.

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

Insider Buying and Selling

In related news, Director Paul Nicholas Wright purchased 59,500 shares of Galiano Gold stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average price of C$1.18 per share, for a total transaction of C$70,210.00. In other Galiano Gold news, Director Paul Nicholas Wright acquired 59,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were purchased at an average cost 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 firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$1.22, for a total value of C$79,096.50. Over the last 90 days, insiders have purchased 81,985 shares of company stock worth $101,652. 26.43% of the stock is owned by corporate 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.