FY2024 EPS Estimates for OceanaGold Decreased by Analyst

OceanaGold Co. (TSE:OGC - Free Report) - Equities research analysts at National Bank Financial decreased their FY2024 earnings estimates for OceanaGold in a research note issued on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.43 per share for the year, down from their previous forecast of $0.54. The consensus estimate for OceanaGold's current full-year earnings is $0.63 per share. National Bank Financial also issued estimates for OceanaGold's FY2025 earnings at $0.72 EPS.

Other equities analysts also recently issued research reports about the company. TD Securities raised OceanaGold to a "strong-buy" rating in a research report on Tuesday, February 4th. Scotiabank lifted their target price on OceanaGold from C$6.00 to C$6.25 in a report on Wednesday, January 15th. CIBC reduced their target price on shares of OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. National Bankshares lowered their price target 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 boosted their price objective on shares of OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$5.13.

OceanaGold Stock Performance

Shares of OGC stock traded down C$0.19 during midday trading on Thursday, hitting C$4.47. 1,153,213 shares of the company were exchanged, compared to its average volume of 1,248,118. The firm has a market capitalization of C$2.22 billion, a P/E ratio of 36.25 and a beta of 1.62. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$4.80. The firm's 50 day moving average price is C$4.18 and its two-hundred day moving average price is C$3.94.

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.