OceanaGold FY2025 EPS Increased by National Bank Financial

OceanaGold Co. (TSE:OGC) – Analysts at National Bank Financial raised their FY2025 earnings per share estimates for shares of OceanaGold in a research note issued on Monday, November 11th. National Bank Financial analyst M. Parkin now anticipates that the company will earn $0.83 per share for the year, up from their previous estimate of $0.72. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

OceanaGold (TSE:OGC) last announced its 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 return on equity of 0.24% and a net margin of 0.10%. The firm had revenue of C$470.93 million during the quarter.

A number of other research analysts have also weighed in on the company. Royal Bank of Canada raised their price objective on OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. CIBC reduced their price objective on OceanaGold from C$5.25 to C$4.50 in a research report on Thursday, November 7th. Desjardins raised their price objective on OceanaGold from C$4.90 to C$5.50 and gave the company a “buy” rating in a research report on Monday, July 22nd. Scotiabank raised their price objective on OceanaGold from C$4.25 to C$4.75 in a research report on Monday, August 19th. Finally, 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 research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, OceanaGold presently has a consensus rating of “Buy” and an average price target of C$4.80.

OceanaGold Stock Performance

Shares of TSE:OGC opened at C$3.80 on Wednesday. OceanaGold has a 52-week low of C$2.08 and a 52-week high of C$4.41. The firm has a market capitalization of C$2.70 billion, a P/E ratio of 380.00 and a beta of 1.62. The stock has a 50 day moving average price of C$3.83 and a 200-day moving average price of C$3.49.

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.