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GAU

Galiano Gold Inc.

https://www.galianogold.com

Industry

Gold

Galiano Gold Inc. engages in the exploration, development, and production of gold properties. The company's primary asset is the Asanko Gold Mine 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. Galiano Gold Inc. was incorporated in 1999 and is headquartered in Vancouver, Canada.

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BMO Capital analyst Raj Ray maintains an Outperform rating on Galiano Gold (AMEX:GAU) and raises the price target from $1.5 to $2.25.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:08 pm

Galiano Gold has reported a fatal security incident at its AGM site involving illegal miners. The company is addressing the situation and has informed the relevant authorities.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 6:24 am

Galiano Gold announced receiving a No Objection Letter from the Ministry of Lands & Natural Resources of Ghana, indicating regulatory approval for its operations.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:50 am

HC Wainwright & Co. analyst Heiko Ihle has reiterated a Buy rating on Galiano Gold (AMEX:GAU) with a maintained price target of $2.2.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 12:45 pm

Galiano Gold (AMEX:GAU) reported a Q4 adjusted EPS of $(0.03), missing the analyst consensus estimate of $0.02 by 250%. Year-over-year, sales increased by 2.95% to $59.51M from $57.81M.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:39 am

Numerous companies are scheduled to report their earnings on February 15, 2024, covering a wide range of industries from technology to energy, and including both earnings and losses. Key companies reporting include Cognex, Cenovus Energy, Wendy's, Agios Pharmaceuticals, Appian, and many others, with expectations of both profits and losses.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 10:17 am

Galiano Gold (AMEX:GAU) is expected to report an EPS of $0.02 in its upcoming quarterly earnings on February 15, 2024. Analysts and investors are looking for an earnings beat and positive guidance for future growth. Galiano Gold's stock performance has been positive over the last year, with shares up 59.56%, indicating bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 8:02 pm

ZK International Group (ZKIN) has regained compliance with Nasdaq's bid price requirement, with its stock price exceeding $1.00 for 10 consecutive days. The materials sector shows signs of being overbought, with Alcoa Corporation (AA), Glatfelter Corporation (GLT), Aspen Aerogels, Inc. (ASPN), and Ingevity Corporation (NGVT) all having high RSIs, suggesting a potential pullback. Galiano Gold Inc. (GAU) is set to own 90% of the Asanko joint venture after Gold Fields Limited (GFI) agreed to sell its stake.

Portfolio Pulse from Austin DeNoce

December 26, 2023 | 8:14 pm

Galiano Gold (TSX:GAU) is set to acquire a 45% stake in the Asanko gold mine, increasing its ownership to 90%, with the Government of Ghana holding the remaining 10%. The $170 million deal with Gold Fields (NYSE:GFI) includes cash payments until 2026 and $20 million in Galiano shares to Gold Fields, making them a 19.9% shareholder. The acquisition follows positive exploration updates and aims to boost Galiano's annual gold production to 240,000 ounces by 2030. The Asanko mine produced 170,342 ounces in 2022 and expects 120,000 to 130,000 ounces in 2023.

Portfolio Pulse from Stjepan Kalinic

December 26, 2023 | 3:04 pm

BMO Capital Markets analyst Raj Ray upgraded Galiano Gold Inc. (AMEX:GAU) to Outperform from Market Perform and raised the price target to C$1.50 from C$1.20. The upgrade follows Galiano's consolidation of the Asanko Gold Mine, which simplifies ownership and enhances operational flexibility. The deal is expected to double Galiano's share of reserves, resources, production, and cash flows with minimal equity dilution. Galiano's production is projected to increase and its pro forma cash balance by the end of 2023 is expected to be $128 million with no debt. GAU shares rose 3.78% to $0.8593.

Portfolio Pulse from Nabaparna Bhattacharya

December 22, 2023 | 7:15 pm

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