Galiano Gold Inc. (NYSEAMERICAN:GAU – Free Report) – Analysts at HC Wainwright dropped their FY2026 earnings estimates for Galiano Gold in a report released on Friday, November 6th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of $0.61 per share for the year, down from their previous forecast of $0.62. The consensus estimate for Galiano Gold’s current full-year earnings is $0.64 per share.
Galiano Gold (NYSEAMERICAN:GAU – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). Galiano Gold had a net margin of 12.19% and a return on equity of 35.34%. The company had revenue of $172.14 million for the quarter, compared to analysts’ expectations of $161.75 million.
Other research analysts also recently issued research reports about the stock. Zacks Research raised shares of Galiano Gold from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th. Canaccord Genuity Group raised shares of Galiano Gold to a “strong-buy” rating in a research report on Thursday, August 13th. Finally, Freedom Broker dropped their target price on shares of Galiano Gold from $3.60 to $3.45 and set a “buy” rating on the stock in a research note on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Galiano Gold presently has an average rating of “Buy” and a consensus price target of $3.85.
View Our Latest Analysis on GAU
Galiano Gold Stock Performance
Shares of NYSEAMERICAN:GAU opened at $2.68 on Monday. The firm has a market cap of $702.29 million, a price-to-earnings ratio of 6.12 and a beta of 0.87. The firm has a fifty day moving average price of $2.12 and a 200 day moving average price of $2.33. Galiano Gold has a fifty-two week low of $1.66 and a fifty-two week high of $3.62.
Institutional Trading of Galiano Gold
Several hedge funds have recently made changes to their positions in GAU. Aegis Financial Corp grew its stake in Galiano Gold by 120.4% during the 2nd quarter. Aegis Financial Corp now owns 14,125,317 shares of the company’s stock worth $26,387,000 after buying an additional 7,715,996 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Galiano Gold by 10.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,872,117 shares of the company’s stock valued at $17,224,000 after buying an additional 672,133 shares during the last quarter. Pale Fire Capital SE lifted its stake in Galiano Gold by 25.9% in the second quarter. Pale Fire Capital SE now owns 5,036,654 shares of the company’s stock valued at $9,419,000 after buying an additional 1,036,654 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Galiano Gold by 12.9% in the first quarter. Renaissance Technologies LLC now owns 5,006,653 shares of the company’s stock valued at $12,567,000 after acquiring an additional 573,000 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Galiano Gold by 14.9% in the first quarter. Bank of America Corp DE now owns 3,907,638 shares of the company’s stock valued at $9,808,000 after acquiring an additional 507,621 shares during the period. Institutional investors and hedge funds own 66.82% of the company’s stock.
About Galiano Gold
Galiano Gold Inc is a Canadian gold producer and exploration company focused on the acquisition, development and operation of gold assets in West Africa. The company’s primary asset is the Asanko Gold Mine in Ghana, which produces gold through open-pit mining and conventional processing operations.
Galiano Gold operates the Asanko Gold Mine through a partnership with the government of Ghana, which holds a minority interest. The mine is located in Ghana’s Ashanti Region, an established gold-producing area, and includes multiple open-pit deposits, processing facilities and additional exploration opportunities intended to support future mineral resource growth.
The company was formerly known as Asanko Gold Inc and adopted the Galiano Gold name in 2020.
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