FY2025 EPS Estimates for OceanaGold Raised by Analyst

OceanaGold Co. (TSE:OGC - Free Report) - National Bank Financial upped their FY2025 earnings per share (EPS) estimates for OceanaGold in a note issued to investors on Monday, November 11th. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $0.83 per share for the year, up from their prior forecast of $0.72. The consensus estimate for OceanaGold's current full-year earnings is $0.63 per share.

OceanaGold (TSE:OGC - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate 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%.

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

OceanaGold Price Performance

Shares of TSE:OGC remained flat at C$3.80 during trading on Wednesday. 1,962,363 shares of the company's stock traded hands, compared to its average volume of 1,484,388. The stock has a market cap of C$2.70 billion, a P/E ratio of 380.00 and a beta of 1.62. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$4.41. The firm's fifty day simple moving average is C$3.83 and its 200 day simple moving average is C$3.49.

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.