HC Wainwright Lowers Earnings Estimates for Galiano Gold

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Research analysts at HC Wainwright cut their FY2026 EPS estimates for shares of Galiano Gold in a note issued to investors on Friday, November 6th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of $0.61 for the year, down from their prior forecast of $0.62. The consensus estimate for Galiano Gold’s current full-year earnings is $0.66 per share.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group upgraded Galiano Gold to a “strong-buy” rating in a research note on Thursday, August 13th. Zacks Research raised Galiano Gold from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th. Finally, Freedom Broker reduced their price target on Galiano Gold from $3.60 to $3.45 and set a “buy” rating for the company in a report on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $3.85.

Galiano Gold Trading Down 6.3%

GAU opened at $2.51 on Monday. The stock has a market cap of $657.75 million, a price-to-earnings ratio of 6.09 and a beta of 0.87. Galiano Gold has a 1 year low of $1.66 and a 1 year high of $3.62. The stock has a fifty day moving average price of $2.13 and a 200 day moving average price of $2.32.

Galiano Gold (NYSEAMERICAN:GAU) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). Galiano Gold had a return on equity of 38.85% and a net margin of 23.19%. The company had revenue of $172.14 million during the quarter, compared to analyst estimates of $161.75 million.

Hedge Funds Weigh In On Galiano Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GAU. Cibc World Market Inc. raised its position in shares of Galiano Gold by 10.4% in the third quarter. Cibc World Market Inc. now owns 90,638 shares of the company’s stock valued at $177,000 after purchasing an additional 8,572 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Galiano Gold by 394.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 591,510 shares of the company’s stock worth $1,148,000 after buying an additional 471,834 shares during the period. U S Global Investors Inc. bought a new stake in shares of Galiano Gold during the 3rd quarter worth $136,000. Net Worth Advisory Group boosted its holdings in shares of Galiano Gold by 11.3% during the 3rd quarter. Net Worth Advisory Group now owns 106,845 shares of the company’s stock worth $208,000 after buying an additional 10,861 shares during the period. Finally, Venture Visionary Partners LLC bought a new stake in shares of Galiano Gold during the 3rd quarter worth $46,000. 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.