OceanaGold FY2024 EPS Increased by National Bank Financial

OceanaGold Co. (TSE:OGC) – Research analysts at National Bank Financial increased their FY2024 earnings estimates for shares of OceanaGold in a research note issued to investors on Monday, December 16th. National Bank Financial analyst M. Parkin now expects that the company will earn $0.54 per share for the year, up from their previous forecast 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.

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

Several other research analysts have also recently issued reports on OGC. Scotiabank increased their price objective on OceanaGold from C$4.75 to C$6.00 in a research report on Thursday, November 21st. National Bankshares reduced their price objective on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. CIBC dropped their price target on OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Finally, Royal Bank of Canada lifted their price target on OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, OceanaGold currently has a consensus rating of “Buy” and a consensus price target of C$5.10.

OceanaGold Stock Down 2.5 %

Shares of OceanaGold stock opened at C$3.95 on Wednesday. The firm has a market cap of C$2.81 billion, a price-to-earnings ratio of 395.00 and a beta of 1.62. OceanaGold has a 52-week low of C$2.08 and a 52-week high of C$4.57. The company’s 50-day simple moving average is C$4.10 and its 200-day simple moving average is C$3.66.

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.