OceanaGold Co. (TSE:OGC - Free Report) - Investment analysts at Cormark lifted their FY2024 earnings per share (EPS) estimates for shares of OceanaGold in a report released on Monday, January 27th. Cormark analyst R. Gray now forecasts that the company will earn $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.
Several other equities analysts also recently weighed in on OGC. National Bankshares reduced their target price on OceanaGold from C$6.00 to C$5.50 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. CIBC cut their price objective on OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. Royal Bank of Canada upped their price target on shares of OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. Finally, Scotiabank boosted their target price on shares of OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. Five investment 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 an average rating of "Buy" and a consensus target price of C$5.13.
Read Our Latest Stock Analysis on OGC
OceanaGold Price Performance
Shares of TSE OGC remained flat at C$4.34 on Tuesday. 1,157,879 shares of the company's stock traded hands, compared to its average volume of 1,076,918. OceanaGold has a 12 month low of C$2.08 and a 12 month high of C$4.57. The stock has a market cap of C$3.09 billion, a P/E ratio of 434.00 and a beta of 1.62. The company has a 50-day simple moving average of C$4.15 and a 200 day simple moving average of C$3.85.
OceanaGold (TSE:OGC - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.12 EPS for the quarter, missing analysts' consensus estimates of C$0.14 by C($0.02). The company 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%.
OceanaGold Company Profile
(
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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.
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