Cormark Has Pessimistic View of Galiano Gold Q1 Earnings

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Equities researchers at Cormark reduced their Q1 2025 earnings per share (EPS) estimates for shares of Galiano Gold in a research note issued on Thursday, January 30th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.03 for the quarter, down from their previous estimate of $0.17. The consensus estimate for Galiano Gold’s current full-year earnings is $0.08 per share. Cormark also issued estimates for Galiano Gold’s Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.07 EPS, FY2025 earnings at $0.26 EPS and FY2026 earnings at $0.51 EPS.

Several other analysts also recently issued reports on the company. HC Wainwright decreased their target price on Galiano Gold from $3.10 to $2.80 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. BMO Capital Markets downgraded Galiano Gold from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Finally, Eight Capital raised Galiano Gold to a “strong-buy” rating in a research note on Tuesday, November 19th.

Galiano Gold Stock Performance

Shares of GAU opened at $1.16 on Monday. The company has a market cap of $298.21 million, a P/E ratio of -58.00 and a beta of 1.05. Galiano Gold has a 12-month low of $0.80 and a 12-month high of $2.00.

Galiano Gold (NYSEAMERICAN:GAU) last issued its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The business had revenue of $71.13 million for the quarter.

Institutional Trading of Galiano Gold

A number of large investors have recently added to or reduced their stakes in GAU. Sprott Inc. purchased a new position in shares of Galiano Gold in the 4th quarter worth approximately $39,000. JPMorgan Chase & Co. purchased a new position in shares of Galiano Gold in the 3rd quarter worth approximately $147,000. XTX Topco Ltd purchased a new position in shares of Galiano Gold in the 3rd quarter worth approximately $64,000. HighTower Advisors LLC purchased a new position in shares of Galiano Gold in the 3rd quarter worth approximately $36,000. Finally, De Lisle Partners LLP boosted its holdings in shares of Galiano Gold by 14.0% in the 3rd quarter. De Lisle Partners LLP now owns 815,416 shares of the company’s stock worth $1,154,000 after purchasing an additional 100,000 shares during the period. Institutional investors own 66.82% 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.