National Bank Financial Forecasts OceanaGold Q3 Earnings

OceanaGold Co. (TSE:OGC - Free Report) - Analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for OceanaGold in a research report issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin expects that the company will post earnings of $0.11 per share for the quarter. 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.

Several other brokerages also recently weighed in on OGC. Royal Bank of Canada increased 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. CIBC boosted their target price on shares of OceanaGold from C$5.00 to C$5.25 in a research note on Wednesday, July 10th. National Bankshares reduced 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 note on Wednesday. Scotiabank boosted their price objective on shares of OceanaGold from C$4.25 to C$4.75 in a research report on Monday, August 19th. Finally, Jefferies Financial Group upped their target price on shares of OceanaGold from C$4.00 to C$5.00 in a research note on Friday, July 12th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, OceanaGold has a consensus rating of "Buy" and an average target price of C$4.88.

OceanaGold Stock Performance

Shares of OceanaGold stock traded down C$0.05 on Thursday, hitting C$4.11. 1,515,503 shares of the company traded hands, compared to its average volume of 1,477,582. The stock has a market capitalization of C$2.92 billion, a P/E ratio of 416.00 and a beta of 1.62. The business has a 50-day simple moving average of C$3.72 and a 200 day simple moving average of C$3.42. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$4.41.

OceanaGold (TSE:OGC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$0.05 EPS for the quarter, hitting analysts' consensus estimates of C$0.05. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. The company had revenue of C$343.70 million for the quarter.

OceanaGold Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, October 11th. Investors of record on Thursday, August 29th were paid a $0.014 dividend. The ex-dividend date was Thursday, August 29th. This is a positive change from OceanaGold's previous Semi-Annual dividend of $0.01. OceanaGold's payout ratio is currently 300.00%.

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.