Galiano Gold Inc. (NYSEAMERICAN:GAU – Free Report) – Stock analysts at HC Wainwright reduced their FY2025 earnings per share (EPS) estimates for shares of Galiano Gold in a research report issued on Thursday, January 16th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of $0.38 per share for the year, down from their previous forecast of $0.46. HC Wainwright currently has a “Buy” rating and a $3.10 price target on the stock. The consensus estimate for Galiano Gold’s current full-year earnings is $0.13 per share.
Separately, Eight Capital upgraded Galiano Gold to a “strong-buy” rating in a research report on Tuesday, November 19th.
Galiano Gold Trading Down 3.4 %
Shares of GAU opened at $1.12 on Friday. The company has a market capitalization of $287.93 million, a price-to-earnings ratio of -56.00 and a beta of 1.06. Galiano Gold has a 12 month low of $0.80 and a 12 month high of $2.00.
Hedge Funds Weigh In On Galiano Gold
A number of hedge funds have recently made changes to their positions in GAU. Banque Cantonale Vaudoise acquired a new position in Galiano Gold in the 3rd quarter valued at $33,000. HighTower Advisors LLC purchased a new stake in shares of Galiano Gold during the third quarter worth $36,000. XTX Topco Ltd acquired a new stake in shares of Galiano Gold in the third quarter valued at about $64,000. Cubist Systematic Strategies LLC lifted its stake in shares of Galiano Gold by 141.7% in the second quarter. Cubist Systematic Strategies LLC now owns 54,163 shares of the company’s stock worth $93,000 after buying an additional 31,757 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in Galiano Gold during the third quarter worth about $147,000. Institutional investors and hedge funds 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.
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