OceanaGold FY2024 EPS Lifted by National Bank Financial

OceanaGold Co. (TSE:OGC) – Equities researchers at National Bank Financial raised their FY2024 EPS estimates for shares of OceanaGold in a research report issued to clients and investors on Monday, November 11th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings of $0.53 per share for the year, up from their previous estimate 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.

OceanaGold (TSE:OGC) last posted its earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share 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 company had revenue of C$470.93 million for the quarter.

OGC has been the subject of several other reports. Canaccord Genuity Group increased their price target 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. Scotiabank raised their target price on shares of OceanaGold from C$4.25 to C$4.75 in a research note on Monday, August 19th. CIBC reduced their price target 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 stock a “buy” rating in a research report on Monday, July 22nd. Finally, National Bankshares reduced their target price on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, OceanaGold presently has an average rating of “Buy” and an average target price of C$4.80.

OceanaGold Price Performance

Shares of TSE OGC opened at C$3.80 on Thursday. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$4.41. The business has a fifty day moving average price of C$3.83 and a 200 day moving average price of C$3.49. The stock has a market capitalization of C$2.70 billion, a P/E ratio of 380.00 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.