Galiano Gold (GAU) AI Stock Analysis

• Market Cap: $1.03B
• Dividend Yield: N/A
• Average Volume (3M): 703.92K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.93
• Revenue Growth: 114.30%
• EPS Growth: -2606.59%
• Country: CA
• Employees: 386
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.21
• Shares Outstanding: 259,790,440
• 10 Day Avg. Volume: 535,763
• 30 Day Avg. Volume: 703,920
• 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 Cap: 0.66
• Enterprise Value/Revenue: 1.93
• Enterprise Value/Gross Profit: 5.56
• Enterprise Value/Ebitda: 14.49
• 1Y Price Target: $3.97
• Price Target Upside: -0.39% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: C$4.00 ▲(0.25% Upside)

The score is driven primarily by mixed financial performance: improving revenue and stronger operating cash flow, but a swing to TTM losses and negative ROE. Technicals are modestly supportive with the price above key moving averages but neutral momentum. Valuation is pressured by the negative P/E, while the latest earnings call was moderately positive on operations and liquidity but tempered by lowered guidance and high sustaining costs.

Positive Factors

Revenue and gross margin improvement

Sustained top-line growth with a ~34% gross margin indicates the core mining operations are delivering improving production and unit profitability. This supports durable cash generation capacity and operational resilience across the medium term, helping fund capex and exploration.

Improved operating cash generation

A material rebound in operating cash flow and a return to positive free cash flow show the business can generate internally funded liquidity. That strength enhances balance sheet flexibility, reduces reliance on external financing, and supports sustained investment in operations and exploration.

Exploration success expanding resource base

Discovery of high-grade zones and an expanded drilling program can meaningfully increase mine life and reserve quality. Material resource growth underpins longer-term production profiles, potential lower unit costs over time, and enhances optionality for development decisions.

Negative Factors

Swing to net loss and negative ROE

A material swing to a TTM net loss and negative return on equity signals the company is not currently generating adequate returns on invested capital. Persisting losses can constrain reinvestment, slow balance-sheet repair, and limit ability to scale production or pursue growth without external funding.

High all-in sustaining costs

Elevated AISC structurally compresses per-ounce margins and reduces sensitivity to gold price weakness. Persistently high sustaining costs impair free cash generation per ounce, constrain margin improvement even with higher production, and complicate capital allocation decisions.

Joint-venture governance and operational dependence

Reliance on a joint-venture structure limits unilateral control over operations, capital plans and timing. Partner governance decisions can delay projects or affect cost management, creating a structural risk to realizing full economic value and predictable production outcomes over the medium term.

Galiano Gold Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Galiano 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 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.

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.

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.

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

• Technical Analysis Sentiment: Positive
• Last Price: 3.99
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 3.99 is above the 20-day moving average (MA) of 3.59, above the 50-day MA of 3.36, and above the 200-day MA of 2.66, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 66.98 is Neutral, neither overbought nor oversold. The STOCH value of 88.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GAU.

Galiano Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
THX	81 Outperform	C$906.54M	4.05	68.37%	2.78%	92.67%	207.16%
PRB	65 Neutral	C$744.60M	-29.39	-81.62%	―	―	18.96%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GAU	59 Neutral	$1.03B	-16.20	-20.37%	―	114.30%	-2606.59%
ATX	56 Neutral	C$1.22B	-13.75	-458.89%	―	―	-66.50%
AMRQ	53 Neutral	C$1.11B	-42.66	-10.64%	―	―	54.00%
OMG	48 Neutral	C$1.00B	-58.91	-76.61%	―	―	-111.48%

Galiano Gold Corporate Events

Galiano Gold Reports Strong Q3 2025 Results Amid Operational Adjustments

Galiano Gold reported its third-quarter 2025 results, highlighting a strong financial position with $116.4 million in cash and cash equivalents and generating $40.4 million in cash flow from operations. The company produced 32,533 ounces of gold, a 7% increase from the previous quarter, but revised its full-year production guidance downward due to operational challenges at the Esaase site. Despite these challenges, Galiano continues to focus on mine and plant enhancements and has made significant discoveries in its exploration efforts at the Abore site, indicating potential for future growth.

The most recent analyst rating on (TSE:GAU) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Galiano Gold stock, see the TSE:GAU Stock Forecast page.