Galiano Gold Inc. (AMEX: GAU) stock jumped 5.12% on Tuesday to $0.61 against a previous-day closing price of $0.58. With 1.3 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.47 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $0.6100 whereas the lowest price it dropped to was $0.5813. The 52-week range on GAU shows that it touched its highest point at $0.79 and its lowest point at $0.36 during that stretch. Beta for the stock currently stands at 0.75.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GAU was up-trending over the past week, with a rise of 8.16%, but this was up by 15.66% over a month. Three-month performance surged to 20.22% while six-month performance rose 59.69%. The stock lost -9.63% in the past year, while it has gained 17.31% so far this year. A look at the trailing 12-month EPS for GAU yields -0.35 with Next year EPS estimates of -0.01. For the next quarter, that number is 0.01. This implies an EPS growth rate of -220.20% for this year and -100.00% for next year.
Float and Shares Shorts:
At present, 224.94 million GAU shares are outstanding with a float of 202.23 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.67 million, which was 0.30% higher than short shares on Sep 14, 2022. In addition to Mr. Matt Badylak as the firm’s Pres, CEO & Director, Mr. Todd E. Romaine serves as its Exec. VP of Sustainability & Investor Relations.
Through their ownership of 42.24% of GAU’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 22.07% of GAU, in contrast to 20.02% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GAU with 11.73% of the stake, Ruffer LLP holds 26,378,459 shares worth 26,378,459. A second-largest stockholder of GAU, Sun Valley Gold LLC, holds 23,718,489 shares, controlling over 10.54% of the firm’s shares. Franklin Advisers, Inc. is the third largest shareholder in GAU, holding 12,534,762 shares or 5.57% stake. With a 11.73% stake in GAU, the LF Ruffer Investment Funds – Gold is the largest stakeholder. A total of 26,378,459 shares are owned by the mutual fund manager. The Franklin Gold & Precious Metals F, which owns about 4.12% of GAU stock, is the second-largest Mutual Fund holder. It holds 9,264,362 shares valued at 4.82 million. AMG Gold, Minen & Metalle holds 1.92% of the stake in GAU, owning 4,315,000 shares worth 2.24 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GAU since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GAU analysts setting a high price target of $2.10 and a low target of $0.67, the average target price over the next 12 months is $1.08. Based on these targets, GAU could surge 244.26% to reach the target high and rise by 9.84% to reach the target low. Reaching the average price target will result in a growth of 77.05% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GAU will report FY 2022 earnings on 02/15/2024. Analysts have provided yearly estimates in a range of $0.06 being high and $0.05 being low. For GAU, this leads to a yearly average estimate of $0.06. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Galiano Gold Inc. surprised analysts by $0.02 when it reported $0.01 EPS against a consensus estimate of -$0.01. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is $0.01 and the low estimate is $0.01. The average estimate for the next quarter is thus $0.01.