FY2024 EPS Estimates for OceanaGold Lifted by Analyst

OceanaGold Co. (TSE:OGC) – Analysts at National Bank Financial lifted their FY2024 EPS estimates for shares of OceanaGold in a report released on Monday, December 16th. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $0.54 for the year, up from their prior estimate 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.

OGC has been the subject of a number of other research reports. CIBC cut their price objective on shares of OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. National Bankshares reduced 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 research report on Wednesday, October 23rd. Royal Bank of Canada boosted their target price on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. Finally, Scotiabank raised their price target on OceanaGold from C$4.75 to C$6.00 in a report on Thursday, November 21st. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$5.10.

OceanaGold Stock Performance

Shares of OGC opened at C$4.05 on Wednesday. The company has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 405.00 and a beta of 1.62. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$4.57. The firm has a 50-day simple moving average of C$4.09 and a 200-day simple moving average of C$3.66.

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