Scotiabank Reduces Earnings Estimates for Galiano Gold

Galiano Gold Inc. (NYSEAMERICAN:GAU) – Analysts at Scotiabank cut their FY2026 earnings estimates for Galiano Gold in a note issued to investors on Wednesday, March 19th. Scotiabank analyst O. Habib now expects that the company will post earnings of $0.28 per share for the year, down from their previous forecast of $0.39. The consensus estimate for Galiano Gold’s current full-year earnings is $0.08 per share.

A number of other equities analysts also recently commented on GAU. BMO Capital Markets lowered shares of Galiano Gold from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. HC Wainwright reaffirmed a “buy” rating and set a $2.80 price objective on shares of Galiano Gold in a report on Wednesday, March 19th.

Galiano Gold Stock Performance

Shares of NYSEAMERICAN GAU opened at $1.24 on Monday. Galiano Gold has a 12-month low of $1.07 and a 12-month high of $2.00. The firm has a market capitalization of $318.88 million, a PE ratio of -62.00 and a beta of 1.05. The company has a fifty day moving average of $1.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Aegis Financial Corp grew its holdings in Galiano Gold by 2,154.8% during the fourth quarter. Aegis Financial Corp now owns 2,392,299 shares of the company’s stock worth $2,978,000 after acquiring an additional 2,286,199 shares during the period. Donald Smith & CO. Inc. boosted its stake in shares of Galiano Gold by 7.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 25,708,407 shares of the company’s stock valued at $31,621,000 after acquiring an additional 1,827,084 shares during the last quarter. Ruffer LLP grew its holdings in shares of Galiano Gold by 4.8% during the fourth quarter. Ruffer LLP now owns 18,438,262 shares of the company’s stock worth $22,960,000 after buying an additional 838,300 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Galiano Gold in the 3rd quarter worth approximately $639,000. Finally, Marshall Wace LLP grew its position in shares of Galiano Gold by 20.6% in the fourth quarter. Marshall Wace LLP now owns 1,815,814 shares of the company’s stock valued at $2,233,000 after purchasing an additional 309,781 shares during the period. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

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.