What is Cormark’s Forecast for Galiano Gold FY2024 Earnings?

Galiano Gold Inc. (TSE:GAU) – Research analysts at Cormark raised their FY2024 earnings per share (EPS) estimates for shares of Galiano Gold in a report released on Monday, November 11th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.32 for the year, up from their prior estimate of $0.15. Cormark also issued estimates for Galiano Gold’s Q4 2024 earnings at $0.14 EPS and FY2025 earnings at $0.95 EPS.

Galiano Gold Price Performance

Shares of GAU stock opened at C$2.01 on Thursday. The stock’s 50-day moving average is C$2.06 and its 200 day moving average is C$2.20. Galiano Gold has a 1-year low of C$0.71 and a 1-year high of C$2.73. The company has a debt-to-equity ratio of 18.59, a current ratio of 2.31 and a quick ratio of 15.77. The company has a market cap of C$516.41 million, a P/E ratio of 28.71, a PEG ratio of 0.15 and a beta of 1.05.

Insider Buying and Selling at Galiano Gold

In other news, Director Judith Mosely sold 49,500 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of C$1.81, for a total value of C$89,595.00. Insiders own 23.08% 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.