National Bank Financial Estimates OceanaGold FY2024 Earnings

OceanaGold Co. (TSE:OGC) – Investment analysts at National Bank Financial lifted their FY2024 earnings estimates for shares of OceanaGold in a research report issued on Monday, November 11th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings per share of $0.53 for the year, up from their previous forecast of $0.46. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. National Bank Financial also issued estimates for OceanaGold’s FY2026 earnings at $1.03 EPS.

OGC has been the topic of several other research reports. CIBC lowered their price objective on shares of OceanaGold from C$5.25 to C$4.50 in a research note on Thursday, November 7th. National Bankshares dropped their price objective on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Canaccord Genuity Group upped their price objective on shares of OceanaGold from C$4.50 to C$5.50 and gave the company a “strong-buy” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada lifted their target price on OceanaGold from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Scotiabank upped their price target on OceanaGold from C$4.25 to C$4.75 in a report on Monday, August 19th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, OceanaGold presently has an average rating of “Buy” and an average price target of C$4.80.

OceanaGold Stock Up 1.3 %

Shares of TSE OGC opened at C$3.85 on Thursday. OceanaGold has a 12 month low of C$2.08 and a 12 month high of C$4.41. The company has a market cap of C$2.74 billion, a P/E ratio of 385.00 and a beta of 1.62. The business’s 50 day moving average is C$3.84 and its two-hundred day moving average is C$3.49.

OceanaGold (TSE:OGC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.12 EPS 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.

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.