HC Wainwright Analysts Raise Earnings Estimates for Galiano Gold Inc. (NYSEAMERICAN:GAU)

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Analysts at HC Wainwright boosted their FY2025 earnings per share estimates for shares of Galiano Gold in a research note issued to investors on Monday, August 12th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of $0.69 for the year, up from their prior estimate of $0.58. HC Wainwright has a “Buy” rating and a $4.20 price target on the stock. The consensus estimate for Galiano Gold’s current full-year earnings is $0.25 per share.

Galiano Gold Stock Performance

Shares of Galiano Gold stock opened at $1.44 on Wednesday. Galiano Gold has a fifty-two week low of $0.52 and a fifty-two week high of $2.00. The firm has a market cap of $368.04 million, a price-to-earnings ratio of 28.80 and a beta of 1.10.

Galiano Gold (NYSEAMERICAN:GAU) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The firm had revenue of $63.00 million for the quarter.

Institutional Trading of Galiano Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. increased its holdings in shares of Galiano Gold by 39.3% during the 4th quarter. Donald Smith & CO. Inc. now owns 17,089,969 shares of the company’s stock worth $16,063,000 after buying an additional 4,817,585 shares during the last quarter. Van ECK Associates Corp purchased a new stake in Galiano Gold during the second quarter valued at about $8,219,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Galiano Gold during the fourth quarter worth about $1,500,000. Marshall Wace LLP lifted its stake in shares of Galiano Gold by 208.8% in the 2nd quarter. Marshall Wace LLP now owns 1,498,359 shares of the company’s stock valued at $2,577,000 after purchasing an additional 1,013,141 shares in the last quarter. Finally, Equinox Partners Investment Management LLC grew its holdings in shares of 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 worth $50,300,000 after purchasing an additional 662,500 shares during the period. Hedge funds and other institutional investors 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.