Education
About Us
Working with TipRanks
Follow Us
Galiano Gold Inc (TSE:GAU)
TSX:GAU
Top Page
Galiano Gold
(TSX:GAU)
Select Model
Select Model
Rating:61Neutral
Price Target:―
Galiano Gold's overall score reflects a mix of financial stability and valuation concerns. The company's strong balance sheet and recent revenue improvement are offset by pressures on profitability and cash flow. Technical indicators suggest a stable market position, but the high P/E ratio raises valuation concerns without significant earnings growth to justify it. Continued focus on improving profitability and cash flow is key to enhancing the stock's attractiveness.
Galiano Gold (GAU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
$802.75M
Dividend YieldN/A
Average Volume (3M)703.92K
Price to Earnings (P/E)―
Beta (1Y)1.89
Revenue Growth114.30%
EPS Growth-2606.59%
CountryCA
Employees386
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.21
Shares Outstanding259,790,440
10 Day Avg. Volume535,763
30 Day Avg. Volume703,920
Financial Highlights & Ratios
PEG Ratio-0.65
Price to Book (P/B)1.30
Price to Sales (P/S)1.37
P/FCF Ratio-28.43
Enterprise Value/Market Cap0.85
Enterprise Value/Revenue1.93
Enterprise Value/Gross Profit5.56
Enterprise Value/Ebitda14.49
Forecast
1Y Price Target
$4.01Price Target Upside21.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.12
Revenue Forecast (FY)$584.40M
Galiano Gold Business Overview & Revenue Model
Company DescriptionGaliano Gold (GAU) is a precious metals mining company engaged primarily in the exploration, development, and production of gold properties. The company is based in Canada and operates the Asanko Gold Mine located in Ghana, West Africa, which it manages through a 50:50 joint venture with Gold Fields Limited. Galiano focuses on sustainable mining practices and enhancing shareholder value through operational excellence and strategic growth initiatives.
How the Company Makes MoneyGaliano Gold generates revenue primarily through the sale of gold produced from its mining operations. The company's key revenue stream comes from its 50% interest in the Asanko Gold Mine, where gold is mined, processed, and sold in the global market. Additionally, Galiano benefits from its partnership with Gold Fields Limited, which provides operational efficiencies, shared resources, and technical expertise, contributing to the profitability and sustainability of the mining operations. The company also explores opportunities to expand its resource base and optimize production, thereby enhancing future earnings potential.
Galiano Gold Earnings Call Summary
Earnings Call Date:Nov 06, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 13, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong operational and financial improvements, including increased gold production and record revenue. However, the incident at Esaase and high sustaining costs posed challenges. The company demonstrated resilience with continued exploration successes and a strong cash position.Q3-2025 Updates
Positive Updates
Increase in Gold Production
Gold production increased to over 32,000 ounces in Q3, a 7% increase from Q2, driven by higher grades and increased throughput following the commissioning of the secondary crusher.
Record Revenue Growth
Revenue reached $114 million in Q3, up 17% from the previous quarter, driven by increased production and higher gold prices.
Strong Safety Record
The company reported no lost time injuries in Q3, maintaining a strong safety record with over 4.2 million man-hours worked since the last lost time injury.
Exploration Success at Abore
Drilling at Abore identified new high-grade ore zones with significant intercepts, leading to an expansion of the drilling program by an additional 10,000 meters.
Negative Updates
Incident at Esaase
An incident involving illegal miners resulted in a temporary halt of mining operations at Esaase, impacting production plans for 2025.
Increased All-In Sustaining Costs
All-in sustaining costs remain high at $2,283 per ounce, with an increase in full-year guidance to between $2,200 and $2,300 per ounce.
Net Loss Before Taxes
The company recorded a net loss before taxes of $5 million due to fair value adjustments to the hedge book, despite a strong revenue performance.
Company Guidance
In the third quarter of 2025, Galiano Gold, Inc. reported significant improvements in operational metrics and financial performance. The company produced over 32,000 ounces of gold, marking a 7% increase from the previous quarter, driven by higher grades and increased throughput following the commissioning of a secondary crusher. Financially, the company achieved a revenue of $114 million, a 17% rise from the second quarter, with a solid cash balance of $116 million despite increased stripping at Nkran. The all-in sustaining costs remained consistent at $2,283 per ounce, with expectations of a decrease in the fourth quarter. Exploration efforts at Abore saw 11,000 meters drilled, focusing on infill and step-out drilling, which led to the discovery of high-grade zones. The company adjusted its annual production guidance to 120,000-125,000 ounces due to a temporary pause in mining at Esaase after an incident with illegal miners. Despite challenges, the company maintains a robust financial position and sees promising exploration results, positioning itself well for the future.Galiano Gold Financial Statement Overview
Summary
Galiano Gold's financial performance shows stability with some growth potential. The income statement reflects recent revenue generation and efficient cost management, but profitability is under pressure. The balance sheet is strong with low leverage and high equity, providing stability. However, cash flow challenges persist, with negative free cash flow indicating pressures from capital expenditures.Income Statement
Galiano Gold's income statement shows a challenging revenue history, with the recent year being the first with significant total revenue. The TTM data reflects a gross profit margin of 33.66%, indicating efficient cost management for the revenue generated. However, the net profit margin stands at 2.64%, highlighting pressure on profitability despite positive net income. The absence of EBIT suggests operational challenges, while a positive EBITDA margin of 16.14% implies some operational efficiency.68
Positive
Balance Sheet
The company's balance sheet is relatively strong with a low debt-to-equity ratio of 0.16, indicating prudent leverage management. The equity ratio is solid at 48.66%, reflecting a strong equity base. Return on equity is modest at 2.51%, suggesting moderate profit generation from equity. Galiano Gold's stability is supported by substantial cash reserves, mitigating financial risk.75
Positive
Cash Flow
Operating cash flow has improved significantly, showing a positive change from previous periods. However, free cash flow remains negative, signaling challenges in generating surplus cash after capital expenditures. The operating cash flow to net income ratio of 9.11 indicates that cash flow generation is strong relative to net income, but the free cash flow to net income ratio is negative, pointing to capital expenditure pressures.55
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 352.64M | 231.34M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 122.39M | 77.88M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 46.93M | 37.35M | -17.15M | 40.60M | -60.19M | 57.80M |
| Net Income | -45.17M | 6.12M | 26.09M | 40.81M | -22.46M | -6.74M |
Balance Sheet | ||||||
| Total Assets | 585.22M | 500.35M | 213.30M | 179.89M | 136.20M | 203.59M |
| Cash, Cash Equivalents and Short-Term Investments | 120.87M | 105.78M | 55.27M | 56.11M | 53.52M | 62.15M |
| Total Debt | 41.10M | 38.87M | 203.00K | 314.00K | 419.00K | 515.00K |
| Total Liabilities | 383.26M | 252.58M | 12.38M | 6.20M | 3.43M | 4.71M |
| Stockholders Equity | 201.38M | 243.46M | 200.92M | 173.69M | 132.76M | 198.88M |
Cash Flow | ||||||
| Free Cash Flow | 7.94M | -11.15M | -3.67M | 1.78M | -14.44M | -6.48M |
| Operating Cash Flow | 115.96M | 55.75M | -3.63M | 1.78M | -12.94M | -6.40M |
| Investing Cash Flow | -106.32M | 5.79M | 2.86M | 1.03M | 3.91M | 37.93M |
| Financing Cash Flow | -16.62M | -10.60M | -108.00K | -130.00K | 441.00K | -520.00K |
Galiano Gold Technical Analysis
Positive
3.30
Price Trends
3.39
Negative
2.95
Positive
2.40
Positive
Market Momentum
-0.10
Negative
52.09
Neutral
70.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GAU, the sentiment is Positive. The current price of 3.3 is above the 20-day moving average (MA) of 3.16, below the 50-day MA of 3.39, and above the 200-day MA of 2.40, indicating a neutral trend. The MACD of -0.10 indicates Negative momentum. The RSI at 52.09 is Neutral, neither overbought nor oversold. The STOCH value of 70.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GAU.
Galiano Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ― | ― | ― | ― | 41.30% | 340.97% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $802.75M | ― | -20.37% | ― | 114.30% | -2606.59% | |
50 Neutral | C$924.23M | -1,653.85 | 3.01% | ― | ― | ― | |
49 Neutral | C$1.02B | -6.57 | ― | ― | 7.16% | -134.37% | |
49 Neutral | C$1.00B | -17.11 | -25.39% | ― | 29.47% | 1.53% | |
48 Neutral | ― | ― | ― | ― | ― | -97.12% |
* Basic Materials Sector Average
TSE:GAU
Galiano Gold
3.30
1.32
66.67%
TSE:ASE
Asante Gold
2.03
0.86
73.50%
TSE:LUM
Lumina Gold
1.26
0.75
147.06%
TSE:MND
Mandalay Resources
5.40
1.79
49.58%
TSE:RBX
Robex Resources
4.72
2.47
109.78%
TSE:RIO
Rio2
2.46
1.82
284.37%
Galiano Gold Corporate Events
Financial Disclosures
Galiano Gold to Announce Q1 2025 Results
Neutral
Apr 15, 2025
Galiano Gold Inc. announced it will release its first quarter 2025 financial and operational results on May 14, 2025, after market close. The company will host a conference call and webcast to review the results on May 15, 2025, providing stakeholders with insights into its performance and strategic direction.
Spark’s Take on TSE:GAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:GAU is a Neutral.
Galiano Gold’s overall stock score of 64 reflects a balanced view of its current financial stability and growth prospects. The company’s strong balance sheet and strategic growth plans are positive, but profitability and valuation issues present challenges. Technical indicators suggest a neutral outlook, while the earnings call and corporate events highlight potential for future growth.
To see Spark’s full report on TSE:GAU stock, click here.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.