FY2024 EPS Estimates for OceanaGold Increased by Analyst

OceanaGold Co. (TSE:OGC) – National Bank Financial increased their FY2024 earnings per share estimates for shares of OceanaGold in a research report issued on Monday, December 16th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings per share of $0.54 for the year, up from their previous estimate of $0.53. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. National Bank Financial also issued estimates for OceanaGold’s FY2025 earnings at $0.84 EPS and FY2026 earnings at $1.05 EPS.

Other equities research analysts have also recently issued reports about the stock. Scotiabank raised their price target on shares of OceanaGold from C$4.75 to C$6.00 in a report on Thursday, November 21st. National Bankshares dropped their price target on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada raised their price objective on OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. Finally, CIBC lowered their target price on OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$5.10.

OceanaGold Stock Down 0.5 %

Shares of OGC stock opened at C$3.93 on Wednesday. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$4.57. The firm has a 50 day moving average of C$4.10 and a 200-day moving average of C$3.67. The company has a market cap of C$2.80 billion, a price-to-earnings ratio of 393.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last issued its earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. The business had revenue of C$470.93 million during the quarter.

About OceanaGold

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.