Scotiabank Predicts OceanaGold's FY2024 Earnings (TSE:OGC)

OceanaGold Co. (TSE:OGC - Free Report) - Equities researchers at Scotiabank lifted their FY2024 earnings estimates for OceanaGold in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will post earnings of $0.33 per share for the year, up from their prior estimate of $0.29. The consensus estimate for OceanaGold's current full-year earnings is $0.63 per share.

Other equities research analysts have also recently issued research reports about the company. CIBC dropped their price target on OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. National Bankshares dropped their price objective on shares of 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. Finally, Royal Bank of Canada lifted their target price on shares of OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$5.10.

OceanaGold Trading Down 3.6 %

Shares of OGC traded down C$0.15 during mid-day trading on Friday, reaching C$3.98. The company's stock had a trading volume of 850,349 shares, compared to its average volume of 881,851. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$4.57. The business has a 50-day simple moving average of C$4.10 and a two-hundred day simple moving average of C$3.77. The stock has a market cap of C$2.83 billion, a P/E ratio of 398.00 and a beta of 1.62.

OceanaGold (TSE:OGC - Get Free Report) last issued its 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 net margin of 0.10% and a return on equity of 0.24%.

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.