HC Wainwright Predicts Bright Future for Galiano Gold with FY2023 Earnings per Share Estimates
May 13, 2023
Trending News ☀️
HC Wainwright analysts recently provided their forecasted EPS for Galiano Gold ($TSX:GAU) Inc. in a research note, offering investors a glimpse of the company’s potential future performance. This puts the company in a solid position to capitalize on the growing gold production industry in the coming years. Moreover, the company has recently announced plans to expand its exploration and development efforts, which could further increase its potential for growth. With these estimates in mind, investors can feel confident that Galiano Gold Inc. is well-positioned for success in the near future.
Earnings
HC Wainwright’s recent earning report of FY2023 Q1 ending March 31 2023 showed that Galiano Gold Inc. experienced a 651.3% decrease in net income, amounting to 0.0M USD. Despite this decrease, the total revenue of Galiano Gold reached 0.0M USD in FY2023, compared to 0.0M USD in the last 3 years. This indicates a bright future for the company as experts predict a surge in revenue and earnings per share over the next fiscal year. With continued success and development, Galiano Gold is likely to maintain its place as a market leader.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Galiano Gold. More…
| Total Revenues | Net Income | Net Margin |
| 0 | 50.84 | -22.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Galiano Gold. More…
| Operations | Investing | Financing |
| 4.41 | 1.63 | -0.13 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Galiano Gold. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 190.34 | 7.92 | 0.81 |
Key Ratios Snapshot
Some of the financial key ratios for Galiano Gold are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.0% | – | -73.3% |
| FCF Margin | ROE | ROA |
| -12.7% | 17.9% | 16.7% |
Share Price
On Thursday, Galiano Gold Inc. (GGL: TSX) experienced a modest increase in stock prices, opening at CA$0.9 and closing at the same price. According to the research analyst, their estimates indicate that Galiano Gold is likely to experience significant growth throughout the next three years. The analyst noted that if the company can successfully implement their long-term plans, they could see a substantial increase in stock prices and a robust bottom line by FY2023. With such promising prospects, investors have good reason to be optimistic about the future of Galiano Gold. Live Quote…
Analysis
GoodWhale provides an analysis of GALIANO GOLD‘s fundamentals, making it easy for investors to make informed decisions about their investments. Our Risk Rating for GALIANO GOLD is a high risk investment in terms of financial and business aspects. To help investors better assess the risk associated with GALIANO GOLD, GoodWhale has detected 3 risk warnings in GALIANO GOLD’s income sheet, balance sheet, and financial journals. If you’d like to take a closer look at these warnings and other details, you can register on goodwhale.com and get access to our detailed analysis of the company. More…
Peers
The company has its operations in the Canadian province of Ontario. The company is listed on the Toronto Stock Exchange and is a constituent of the S&P/TSX Composite Index. The company has a market capitalization of CAD 1.1 billion. The company operates the Asanko Gold Mine in Ghana. The company also has projects in the Canadian provinces of British Columbia and Quebec. The company’s competitors include Revival Gold Inc, Diablo Resources Ltd, Xtra-Gold Resources Corp.
– Revival Gold Inc ($TSXV:RVG)
Revival Gold is a gold exploration and development company with a focus on properties in North and South America. The company has a market capitalization of $55.61 million and a return on equity of -44.83%. Revival Gold is engaged in the business of exploring for, developing and operating gold properties. The company’s primary focus is the development of its flagship property, the Beartrack Gold Project, located in Idaho, USA.
– Diablo Resources Ltd ($ASX:DBO)
Xtra-Gold Resources Corp is a Canadian-based gold exploration company with operations in Ghana, West Africa. The company has a market capitalization of $41.38 million and a return on equity of -10.23%. Xtra-Gold Resources Corp is engaged in the exploration and development of gold properties in Ghana. The company’s flagship project is the Kibi Gold Belt project, which comprises four concessions totaling approximately 250 square kilometers.
Summary
Investing in Galiano Gold Inc. is looking optimistic according to analysts at HC Wainwright. With an increase in earnings, investors may be looking to take advantage of potential long-term capital growth opportunities with Galiano Gold. As the company continues to expand operations and improve its financials, there is potential for further upside for investors and shareholders. Investors should do their own due diligence before investing in any security.
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