OceanaGold Co. (TSE:OGC - Free Report) - Equities researchers at Raymond James boosted their FY2024 earnings per share (EPS) estimates for OceanaGold in a report issued on Monday, February 3rd. Raymond James analyst F. Hamed now forecasts that the company will post earnings per share of $0.41 for the year, up from their previous forecast of $0.37. The consensus estimate for OceanaGold's current full-year earnings is $0.63 per share. Raymond James also issued estimates for OceanaGold's Q4 2024 earnings at $0.23 EPS, Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.09 EPS and FY2025 earnings at $0.41 EPS.
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 the consensus estimate of C$0.14 by C($0.02). OceanaGold had a net margin of 0.10% and a return on equity of 0.24%. The business had revenue of C$470.93 million for the quarter.
Several other equities research analysts have also recently commented on the company. Royal Bank of Canada increased their price objective on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. TD Securities raised OceanaGold to a "strong-buy" rating in a research report on Tuesday. National Bankshares dropped 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. Scotiabank raised their target price on OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. Finally, CIBC dropped their target price on OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, OceanaGold has a consensus rating of "Buy" and a consensus price target of C$5.13.
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OceanaGold Price Performance
Shares of OceanaGold stock traded up C$0.22 during trading on Wednesday, hitting C$4.69. 2,013,110 shares of the company's stock traded hands, compared to its average volume of 1,226,521. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$4.70. The stock has a market capitalization of C$3.34 billion, a P/E ratio of 469.00 and a beta of 1.62. The business has a 50-day simple moving average of C$4.17 and a 200-day simple moving average of C$3.90.
About OceanaGold
(
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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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