Q3 2024 EPS Estimates for Galiano Gold Inc. Increased by Cormark (TSE:GAU)

Galiano Gold Inc. (TSE:GAU) – Investment analysts at Cormark boosted their Q3 2024 EPS estimates for shares of Galiano Gold in a research report issued to clients and investors on Monday, April 29th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.15 per share for the quarter, up from their prior forecast of $0.11. 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 $0.21 EPS and FY2024 earnings at $0.40 EPS.

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

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

Galiano Gold Price Performance

The stock has a 50 day moving average of C$1.78 and a 200 day moving average of C$1.29. The firm has a market cap of C$580.45 million, a PE ratio of 6.19, a PEG ratio of 0.15 and a beta of 0.96. The company has a quick ratio of 15.77, a current ratio of 4.76 and a debt-to-equity ratio of 0.10. Galiano Gold has a 12 month low of C$0.68 and a 12 month high of C$2.35.

Insider Buying and Selling

In other Galiano Gold news, Director Paul Nicholas Wright acquired 59,500 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was acquired at an average cost 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 on Tuesday, March 12th. The stock was acquired 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 Galiano Gold 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 transaction of C$79,096.50. Insiders purchased 81,985 shares of company stock worth $101,652 in the last three months. Corporate insiders own 26.43% of the company’s stock.

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.