Cormark Comments on OceanaGold’s FY2024 Earnings (TSE:OGC)

OceanaGold Co. (TSE:OGC) – Analysts at Cormark boosted their FY2024 earnings per share estimates for OceanaGold in a research report issued on Monday, January 27th. Cormark analyst R. Gray now expects that the company will post earnings of $0.42 per share for the year, up from their previous forecast of $0.40. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. Cormark also issued estimates for OceanaGold’s Q4 2024 earnings at $0.22 EPS and Q1 2025 earnings at $0.17 EPS.

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

OGC has been the topic of a number of other reports. Royal Bank of Canada upped their price target on shares of OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. Scotiabank increased their target price on OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. CIBC dropped their price objective on OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Finally, National Bankshares lowered their price target on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$5.13.

OceanaGold Stock Up 1.4 %

TSE OGC opened at C$4.20 on Tuesday. The firm has a market capitalization of C$2.99 billion, a price-to-earnings ratio of 420.00 and a beta of 1.62. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$4.57. The company has a fifty day moving average of C$4.14 and a two-hundred day moving average of C$3.84.

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.