FY2024 EPS Estimates for OceanaGold Reduced by Analyst

OceanaGold Co. (TSE:OGC - Free Report) - Stock analysts at National Bank Financial dropped their FY2024 EPS estimates for OceanaGold in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.46 per share for the year, down from their prior estimate of $0.47. The consensus estimate for OceanaGold's current full-year earnings is $0.63 per share.

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

Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity Group raised their price target on shares of OceanaGold from C$4.50 to C$5.50 and gave the company a "strong-buy" rating in a research report on Tuesday, July 23rd. Jefferies Financial Group lifted their target price on OceanaGold from C$4.00 to C$5.00 in a report on Friday, July 12th. Desjardins upped their price target on OceanaGold from C$4.90 to C$5.50 and gave the company a "buy" rating in a report on Monday, July 22nd. CIBC increased their price objective on OceanaGold from C$5.00 to C$5.25 in a research report on Wednesday, July 10th. Finally, National Bankshares decreased their target price on OceanaGold from C$6.00 to C$5.50 and set an "outperform" rating for the company in a research report on Wednesday. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of C$4.88.

OceanaGold Stock Down 1.2 %

OceanaGold stock traded down C$0.05 during trading hours on Friday, hitting C$4.06. The stock had a trading volume of 1,484,267 shares, compared to its average volume of 1,477,614. The stock's 50-day moving average price is C$3.74 and its 200-day moving average price is C$3.42. The stock has a market capitalization of C$2.89 billion, a P/E ratio of 411.00 and a beta of 1.62. OceanaGold has a 12-month low of C$2.08 and a 12-month high of C$4.41.

OceanaGold Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, August 29th were paid a dividend of $0.014 per share. The ex-dividend date of this dividend was Thursday, August 29th. This is a boost from OceanaGold's previous Semi-Annual dividend of $0.01. OceanaGold's dividend payout ratio (DPR) 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.