FY2024 EPS Estimates for Galiano Gold Reduced by Scotiabank

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Equities research analysts at Scotiabank decreased their FY2024 earnings per share (EPS) estimates for Galiano Gold in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $0.05 for the year, down from their previous forecast of $0.06. The consensus estimate for Galiano Gold’s current full-year earnings is $0.13 per share.

Several other analysts have also weighed in on GAU. HC Wainwright lifted their price objective on shares of Galiano Gold from $4.20 to $4.60 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Eight Capital raised shares of Galiano Gold to a “strong-buy” rating in a research note on Tuesday, November 19th.

Galiano Gold Trading Down 0.8 %

Shares of GAU opened at $1.27 on Friday. The company has a market capitalization of $326.49 million, a price-to-earnings ratio of -63.50 and a beta of 1.04. Galiano Gold has a 52-week low of $0.80 and a 52-week high of $2.00.

Hedge Funds Weigh In On Galiano Gold

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in Galiano Gold in the 3rd quarter valued at about $147,000. XTX Topco Ltd bought a new position in shares of Galiano Gold in the third quarter valued at approximately $64,000. HighTower Advisors LLC purchased a new position in shares of Galiano Gold during the third quarter valued at approximately $36,000. De Lisle Partners LLP boosted its position in shares of Galiano Gold by 14.0% during the third quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock valued at $1,154,000 after buying an additional 100,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Galiano Gold during the third quarter worth $639,000. 66.82% of the stock is currently owned by institutional investors.

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.