Cormark Weighs in on Galiano Gold Inc.’s FY2025 Earnings (TSE:GAU)

Galiano Gold Inc. (TSE:GAU) – Investment analysts at Cormark boosted their FY2025 earnings per share estimates for Galiano Gold in a research report issued to clients and investors on Monday, May 6th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $1.46 for the year, up from their prior forecast of $1.30. The consensus estimate for Galiano Gold’s current full-year earnings is $0.37 per share.

Galiano Gold (TSE:GAU) last posted its earnings results on Friday, February 16th. The company reported C($0.04) earnings per share for the quarter.

Separately, BMO Capital Markets lifted their price target on shares of Galiano Gold from C$1.50 to C$2.25 in a research note on Thursday, March 7th.

Galiano Gold Price Performance

Shares of TSE:GAU opened at C$2.39 on Wednesday. The company has a current ratio of 4.76, a quick ratio of 15.77 and a debt-to-equity ratio of 0.10. The firm has a 50 day simple moving average of C$1.84 and a 200-day simple moving average of C$1.32. The company has a market capitalization of C$605.79 million, a PE ratio of 6.46, a P/E/G ratio of 0.15 and a beta of 0.96. Galiano Gold has a twelve month low of C$0.68 and a twelve month high of C$2.52.

Insider Buying and Selling at Galiano Gold

In other Galiano Gold news, Director Paul Nicholas Wright purchased 59,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average price of C$1.18 per share, for a total transaction of C$70,210.00. In other Galiano Gold news, Director Michael Price sold 65,100 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$1.22, for a total value of C$79,096.50. Also, Director Paul Nicholas Wright bought 59,500 shares of Galiano Gold stock in a transaction dated Tuesday, March 12th. The stock was purchased at an average price of C$1.18 per share, with a total value of C$70,210.00. Over the last quarter, insiders bought 81,985 shares of company stock worth $101,652. 26.43% of the stock is owned by insiders.

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.