Cormark Weighs in on OceanaGold’s FY2024 Earnings (TSE:OGC)

OceanaGold Co. (TSE:OGC) – Research analysts at Cormark lifted their FY2024 EPS estimates for OceanaGold in a research report issued to clients and investors on Monday, January 27th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.42 for the year, up from their previous estimate of $0.40. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. Cormark also issued estimates for OceanaGold’s Q4 2024 earnings at $0.22 EPS and Q1 2025 earnings at $0.17 EPS.

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

Several other equities analysts have also recently issued reports on OGC. CIBC decreased their price target on shares of OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Scotiabank raised their price objective on OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. National Bankshares reduced their target price on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada raised their price target on shares of OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, OceanaGold presently has an average rating of “Buy” and an average target price of C$5.13.

OceanaGold Trading Up 0.5 %

Shares of OGC stock opened at C$4.22 on Tuesday. The stock has a market cap of C$3.00 billion, a P/E ratio of 422.00 and a beta of 1.62. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$4.57. The stock has a 50 day simple moving average of C$4.15 and a 200 day simple moving average of C$3.85.

OceanaGold Company Profile

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.