FY2024 EPS Forecast for OceanaGold Increased by Analyst

OceanaGold Co. (TSE:OGC - Free Report) - Research analysts at National Bank Financial lifted their FY2024 earnings estimates for shares of OceanaGold in a research note issued to investors on Monday, November 11th. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $0.53 for the year, up from their prior forecast of $0.46. The consensus estimate for OceanaGold's current full-year earnings is $0.63 per share. National Bank Financial also issued estimates for OceanaGold's FY2026 earnings at $1.03 EPS.

Several other research analysts have also commented on OGC. Scotiabank boosted their price objective on shares of OceanaGold from C$4.25 to C$4.75 in a research note on Monday, August 19th. Canaccord Genuity Group upped their price target on OceanaGold from C$4.50 to C$5.50 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 23rd. National Bankshares lowered their price objective on OceanaGold from C$6.00 to C$5.50 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Desjardins upped their target price on OceanaGold from C$4.90 to C$5.50 and gave the company a "buy" rating in a research report on Monday, July 22nd. Finally, Royal Bank of Canada raised their price target on OceanaGold from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of C$4.80.

OceanaGold Stock Performance

OGC stock traded up C$0.10 during trading on Thursday, reaching C$3.90. 781,054 shares of the company traded hands, compared to its average volume of 1,480,813. The business has a 50 day simple moving average of C$3.83 and a 200 day simple moving average of C$3.49. OceanaGold has a 12 month low of C$2.08 and a 12 month high of C$4.41. The company has a market capitalization of C$2.77 billion, a price-to-earnings ratio of 385.00 and a beta of 1.62.

OceanaGold (TSE:OGC - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share for the quarter, missing analysts' consensus estimates of C$0.14 by C($0.02). OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. The company had revenue of C$470.93 million for the quarter.

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.