FY2024 EPS Estimates for OceanaGold Boosted by Analyst

OceanaGold Co. (TSE:OGC) – National Bank Financial increased their FY2024 EPS estimates for shares of OceanaGold in a report released on Monday, November 11th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings per share of $0.53 for the year, up from their previous forecast 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.

OGC has been the subject of a number of other reports. CIBC lowered their target price on OceanaGold from C$5.25 to C$4.50 in a research note on Thursday, November 7th. Desjardins raised their price objective on shares of OceanaGold from C$4.90 to C$5.50 and gave the company a “buy” rating in a research report on Monday, July 22nd. Canaccord Genuity Group boosted their target price on shares of OceanaGold from C$4.50 to C$5.50 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 23rd. Scotiabank increased their price target on shares of OceanaGold from C$4.25 to C$4.75 in a research note on Monday, August 19th. Finally, Royal Bank of Canada boosted their price objective on shares of OceanaGold from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, OceanaGold presently has a consensus rating of “Buy” and a consensus target price of C$4.80.

OceanaGold Price Performance

OGC stock opened at C$3.85 on Thursday. The business has a fifty day moving average price of C$3.84 and a 200 day moving average price of C$3.49. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$4.41. The stock has a market capitalization of C$2.74 billion, a price-to-earnings ratio of 385.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.14 by C($0.02). The firm had revenue of C$470.93 million for the quarter. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%.

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.