(GAU) Galiano Gold - Overview

Sector: Basic Materials | Industry: Gold | Exchange: NYSE MKT (USA) | Market Cap: 692m USD | Total Return: 94.2% in 12m

Gold, Mining, Exploration, Ghana
Total Rating 40
Safety 30
Buy Signal -0.59
Gold
Industry Rotation: -2.9
Market Cap: 692M
Avg Turnover: 6.83M USD
ATR: 6.09%
Peers RS (IBD): 26.6
Risk 5d forecast
Volatility69.5%
Rel. Tail Risk-9.53%
Reward TTM
Sharpe Ratio1.34
Alpha115.02
Character TTM
Beta0.452
Beta Downside1.937
Drawdowns 3y
Max DD47.45%
CAGR/Max DD1.23
EPS (Earnings per Share) EPS (Earnings per Share) of GAU over the last years for every Quarter: "2021-03": 0.06, "2021-06": 0.02, "2021-09": 0.02, "2021-12": -0.4, "2022-03": -0.01, "2022-06": 0.06, "2022-09": 0.01, "2022-12": -0.03, "2023-03": 0.04, "2023-06": 0.05, "2023-09": 0.05, "2023-12": -0.03, "2024-03": 0.03, "2024-06": 0.03, "2024-09": 0.07, "2024-12": 0.02, "2025-03": 0.01, "2025-06": 0.08, "2025-09": -0.01, "2025-12": 0.15, "2026-03": 0,
EPS CAGR: -24.14%
EPS Trend: 21.1%
Last SUE: -2.33
Qual. Beats: 0
Revenue Revenue of GAU over the last years for every Quarter: 2021-03: 13.474, 2021-06: 5.665, 2021-09: 3.425, 2021-12: -73.814, 2022-03: 0, 2022-06: 0, 2022-09: 0, 2022-12: 46.587, 2023-03: 9.308, 2023-06: 11.152, 2023-09: 9.506, 2023-12: 1.776, 2024-03: 31.695, 2024-06: 63.963, 2024-09: 71.13, 2024-12: 64.551, 2025-03: 76.59, 2025-06: 97.304, 2025-09: 114.197, 2025-12: 40.352, 2026-03: null,
Rev. CAGR: 94.85%
Rev. Trend: 81.1%
Last SUE: -0.63
Qual. Beats: 0

Warnings

Interest Coverage Ratio -7.6 is critical

Altman Z'' -2.66 < 1.0 - financial distress zone

Volatile

Tailwinds

No distinct edge detected

Description: GAU Galiano Gold

Galiano Gold Inc. (NASDAQ: GAU) is a Canadian-based gold miner that holds a 90% interest in the Asanko Gold Mine in Ghana’s Amansie West District. The operation comprises the Nkran, Esaase, Abore and Miradani North open-pit zones on the Asankrangwa Gold Belt, and the company, formerly Asanko Gold Inc., rebranded to Galiano Gold in April 2020.

In Q1 2024 the mine produced 115,000 oz of gold, delivering a cash cost of $945 per ounce and an all-in sustaining cost of $1,180 per ounce-both comfortably below the current spot price of roughly $2,100/oz. Ghana’s mining sector is expanding at ~5% YoY, driven by supportive government policies and rising global demand for inflation-hedging assets, which underpins Galiano’s growth outlook.

For a deeper dive, you might explore ValueRay’s analysis of GAU.

Headlines to Watch Out For
  • Gold price volatility impacts revenue and profitability
  • Ghanaian political stability affects mining operations
  • Production costs at Asanko Gold Mine influence margins
  • Exploration success at Asanko expands resource base
Piotroski VR‑10 (Strict) 6.0
Net Income: -29.3m TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA 9.26 > 1.0
NWC/Revenue: -5.60% < 20% (prev 23.68%; Δ -29.28% < -1%)
CFO/TA 0.26 > 3% & CFO 158.0m > Net Income -29.3m
Net Debt (-71.3m) to EBITDA (26.6m): -2.68 < 3
Current Ratio: 0.92 > 1.5 & < 3
Outstanding Shares: last quarter (259.8m) vs 12m ago 1.05% < -2%
Gross Margin: 26.19% > 18% (prev 0.34%; Δ 2.59k% > 0.5%)
Asset Turnover: 59.75% > 50% (prev 46.24%; Δ 13.51% > 0%)
Interest Coverage Ratio: -7.63 > 6 (EBITDA TTM 26.6m / Interest Expense TTM 6.31m)
Altman Z'' -2.66
A: -0.03 (Total Current Assets 202.2m - Total Current Liabilities 220.6m) / Total Assets 599.1m
B: -0.76 (Retained Earnings -455.0m / Total Assets 599.1m)
C: -0.09 (EBIT TTM -48.2m / Avg Total Assets 549.7m)
D: 0.58 (Book Value of Equity 218.9m / Total Liabilities 377.4m)
Altman-Z'' Score: -2.66 = D
Beneish M -3.43
DSRI: 0.01 (Receivables 71.0k/8.43m, Revenue 328.4m/231.3m)
GMI: 1.29 (GM 26.19% / 33.68%)
AQI: 1.29 (AQ_t 0.01 / AQ_t-1 0.01)
SGI: 1.42 (Revenue 328.4m / 231.3m)
TATA: -0.31 (NI -29.3m - CFO 158.0m) / TA 599.1m)
Beneish M-Score: -3.43 (Cap -4..+1) = AA
What is the price of GAU shares? As of April 14, 2026, the stock is trading at USD 2.66 with a total of 2,553,341 shares traded.
Over the past week, the price has changed by +5.56%, over one month by +3.91%, over three months by -6.99% and over the past year by +94.16%.
Is GAU a buy, sell or hold? Galiano Gold has received a consensus analysts rating of 3.80. Therefor, it is recommend to hold GAU.
  • StrongBuy: 1
  • Buy: 2
  • Hold: 2
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the GAU price?
Analysts Target Price 4.3 59.8%
Galiano Gold (GAU) - Fundamental Data Overview as of 11 April 2026
P/E Forward = 3.4904
P/S = 2.106
P/B = 3.0532
P/EG = 0.4501
Revenue TTM = 328.4m USD
EBIT TTM = -48.2m USD
EBITDA TTM = 26.6m USD
Long Term Debt = 20.3m USD (from longTermDebtTotal, last quarter)
Short Term Debt = 16.8m USD (from shortTermDebt, last quarter)
Debt = 37.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -71.3m USD (from netDebt column, last quarter)
Enterprise Value = 620.5m USD (691.7m + Debt 37.1m - CCE 108.3m)
Interest Coverage Ratio = -7.63 (Ebit TTM -48.2m / Interest Expense TTM 6.31m)
EV/FCF = 14.41x (Enterprise Value 620.5m / FCF TTM 43.1m)
FCF Yield = 6.94% (FCF TTM 43.1m / Enterprise Value 620.5m)
FCF Margin = 13.11% (FCF TTM 43.1m / Revenue TTM 328.4m)
Net Margin = -8.92% (Net Income TTM -29.3m / Revenue TTM 328.4m)
Gross Margin = 26.19% ((Revenue TTM 328.4m - Cost of Revenue TTM 242.4m) / Revenue TTM)
Gross Margin QoQ = -36.25% (prev 42.16%)
Tobins Q-Ratio = 1.04 (Enterprise Value 620.5m / Total Assets 599.1m)
Interest Expense / Debt = 3.88% (Interest Expense 1.44m / Debt 37.1m)
Taxrate = 21.0% (US default 21%)
NOPAT = -38.1m (EBIT -48.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.92 (Total Current Assets 202.2m / Total Current Liabilities 220.6m)
Debt / Equity = 0.17 (Debt 37.1m / totalStockholderEquity, last quarter 218.9m)
Debt / EBITDA = -2.68 (Net Debt -71.3m / EBITDA 26.6m)
Debt / FCF = -1.65 (Net Debt -71.3m / FCF TTM 43.1m)
Total Stockholder Equity = 219.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -5.33% (Net Income -29.3m / Total Assets 599.1m)
RoE = -13.37% (Net Income TTM -29.3m / Total Stockholder Equity 219.1m)
RoCE = -20.13% (EBIT -48.2m / Capital Employed (Equity 219.1m + L.T.Debt 20.3m))
 RoIC = -17.37% (negative operating profit) (NOPAT -38.1m / Invested Capital 219.1m)
 WACC = 7.34% (E(691.7m)/V(728.8m) * Re(7.57%) + D(37.1m)/V(728.8m) * Rd(3.88%) * (1-Tc(0.21)))
Discount Rate = 7.57% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 100.0 | Cagr: 7.46%
[DCF] Terminal Value 73.83% ; FCFF base≈43.1m ; Y1≈28.3m ; Y5≈12.9m
[DCF] Fair Price = 1.39 (EV 291.6m - Net Debt -71.3m = Equity 362.9m / Shares 261.0m; r=7.34% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 21.12 | EPS CAGR: -24.14% | SUE: -2.33 | # QB: 0
Revenue Correlation: 81.14 | Revenue CAGR: 94.85% | SUE: -0.63 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.14 | Chg7d=+0.018 | Chg30d=+0.025 | Revisions Net=+0 | Analysts=2
EPS current Year (2026-12-31): EPS=0.56 | Chg7d=-0.012 | Chg30d=+0.141 | Revisions Net=+0 | Growth EPS=+153.4% | Growth Revenue=+39.4%
EPS next Year (2027-12-31): EPS=1.02 | Chg7d=+0.110 | Chg30d=+0.247 | Revisions Net=+2 | Growth EPS=+82.4% | Growth Revenue=+22.0%
[Analyst] Revisions Ratio: +0.00 (1 Up / 1 Down within 30d for Current Year)
External Resources
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