Scotiabank Analysts Reduce Earnings Estimates for OceanaGold

OceanaGold Co. (TSE:OGC - Free Report) - Research analysts at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for OceanaGold in a research report issued on Wednesday, March 19th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $0.34 for the year, down from their previous forecast of $0.39. The consensus estimate for OceanaGold's current full-year earnings is $0.63 per share. Scotiabank also issued estimates for OceanaGold's FY2026 earnings at $0.42 EPS.

A number of other analysts have also commented on the company. Royal Bank of Canada lifted their target price on OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. TD Securities lowered OceanaGold from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 27th. CIBC dropped their price target on shares of OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. National Bank Financial raised shares of OceanaGold to a "strong-buy" rating in a report on Friday, March 21st. Finally, BMO Capital Markets dropped their target price on shares of OceanaGold from C$6.25 to C$5.75 in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$5.58.

OceanaGold Stock Up 2.9 %

Shares of TSE:OGC traded up C$0.13 on Monday, hitting C$4.64. 1,525,924 shares of the company traded hands, compared to its average volume of 2,189,174. The company has a market cap of C$2.31 billion, a PE ratio of 37.63 and a beta of 1.62. The stock has a 50 day simple moving average of C$4.21 and a 200-day simple moving average of C$4.05. OceanaGold has a 52 week low of C$2.89 and a 52 week high of C$4.80.

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Insider Buying and Selling

In other OceanaGold news, Senior Officer Liang Tang sold 50,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$4.38, for a total transaction of C$219,000.00. 0.15% of the stock is currently owned by insiders.

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.