Research Analysts Issue Forecasts for OceanaGold Q3 Earnings

OceanaGold Co. (TSE:OGC) – Investment analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of OceanaGold in a research note issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin anticipates 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.

OceanaGold (TSE:OGC) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.05. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. The business had revenue of C$343.70 million during the quarter.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group boosted their target price on OceanaGold from C$4.50 to C$5.50 and gave the company a “strong-buy” rating in a research note on Tuesday, July 23rd. Scotiabank increased their price target on OceanaGold from C$4.25 to C$4.75 in a research note on Monday, August 19th. National Bankshares decreased their price objective on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Wednesday. CIBC increased their target price on OceanaGold from C$5.00 to C$5.25 in a report on Wednesday, July 10th. Finally, Jefferies Financial Group increased their target price on OceanaGold from C$4.00 to C$5.00 in a report on Friday, July 12th. Seven equities 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, the company presently has an average rating of “Buy” and a consensus price target of C$4.88.

OceanaGold Stock Performance

TSE OGC opened at C$4.06 on Thursday. The stock has a market capitalization of C$2.89 billion, a price-to-earnings ratio of 406.00 and a beta of 1.62. The stock’s 50 day moving average price is C$3.75 and its two-hundred day moving average price is C$3.43. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$4.41.

OceanaGold Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, August 29th were given a $0.014 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This is an increase 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.