FY2024 EPS Estimates for OceanaGold Increased by Analyst

OceanaGold Co. (TSE:OGC) – Equities research analysts at Raymond James raised their FY2024 earnings estimates for shares of OceanaGold in a report issued on Monday, February 3rd. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.41 for the year, up from their prior estimate of $0.37. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. Raymond James also issued estimates for OceanaGold’s Q4 2024 earnings at $0.23 EPS, Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.09 EPS and FY2025 earnings at $0.41 EPS.

OGC has been the topic of a number of other reports. Scotiabank upped their target price on shares of OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. Royal Bank of Canada boosted their target price on OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. National Bankshares reduced their target price on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, CIBC reduced their price target on OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$5.13.

OceanaGold Stock Up 0.7 %

Shares of TSE OGC opened at C$4.58 on Wednesday. The company has a market cap of C$3.26 billion, a price-to-earnings ratio of 458.00 and a beta of 1.62. The firm’s 50-day simple moving average is C$4.16 and its 200 day simple moving average is C$3.89. OceanaGold has a 12-month low of C$2.08 and a 12-month high of C$4.69.

OceanaGold (TSE:OGC) last released its quarterly earnings results 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 net margin of 0.10% and a return on equity of 0.24%. The firm 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.