FY2024 EPS Forecast for OceanaGold Lowered by Analyst

OceanaGold Co. (TSE:OGC) – Stock analysts at National Bank Financial decreased their FY2024 EPS estimates for shares of OceanaGold in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $0.43 for the year, down from their previous forecast of $0.54. 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 $0.72 EPS.

Several other research analysts also recently commented on OGC. Scotiabank raised their price target on shares of OceanaGold from C$6.00 to C$6.25 in a report on Wednesday, January 15th. Royal Bank of Canada lifted their price objective on shares of OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. CIBC dropped their price objective on shares of OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. TD Securities raised shares of OceanaGold to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, National Bankshares dropped their price objective on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$5.13.

OceanaGold Price Performance

Shares of TSE:OGC opened at C$4.66 on Thursday. The firm has a fifty day moving average price of C$4.18 and a two-hundred day moving average price of C$3.93. OceanaGold has a one year low of C$2.08 and a one year high of C$4.80. The company has a market cap of C$2.32 billion, a price-to-earnings ratio of 37.79 and a beta of 1.62.

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.