National Bank Financial Estimates OceanaGold FY2024 Earnings

OceanaGold Co. (TSE:OGC) – National Bank Financial increased their FY2024 earnings per share estimates for OceanaGold in a research report issued to clients and investors on Monday, December 16th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings of $0.54 per share for the year, up from their previous 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.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada lifted their price target on shares of OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. Scotiabank boosted their target price on OceanaGold from C$4.75 to C$6.00 in a research note on Thursday, November 21st. CIBC dropped their price target on OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Finally, National Bankshares decreased their price objective on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$5.10.

OceanaGold Stock Down 0.5 %

OGC opened at C$3.93 on Wednesday. OceanaGold has a twelve month low of C$2.08 and a twelve month high of C$4.57. The company’s 50-day moving average price is C$4.10 and its two-hundred day moving average price is C$3.67. The stock has a market cap of C$2.80 billion, a price-to-earnings ratio of 393.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last issued its quarterly 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 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.