OceanaGold FY2025 EPS Lifted by National Bank Financial

OceanaGold Co. (TSE:OGC) – Research analysts at National Bank Financial increased their FY2025 earnings per share 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 $0.83 for the year, up from their prior forecast of $0.72. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

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

A number of other equities analysts also recently issued reports on OGC. Canaccord Genuity Group raised their price target on 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. Royal Bank of Canada boosted their price target on OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Tuesday, September 10th. National Bankshares cut their price target 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. Desjardins boosted their price target on OceanaGold from C$4.90 to C$5.50 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, CIBC cut their price target on OceanaGold from C$5.25 to C$4.50 in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, OceanaGold presently has an average rating of “Buy” and an average price target of C$4.80.

OceanaGold Price Performance

OGC stock opened at C$3.80 on Wednesday. The company has a market cap of C$2.70 billion, a P/E ratio of 380.00 and a beta of 1.62. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$4.41. The stock’s fifty day moving average price is C$3.83 and its 200-day moving average price is C$3.49.

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.