OceanaGold FY2025 EPS Lifted by National Bank Financial

OceanaGold Co. (TSE:OGC) – Equities researchers at National Bank Financial lifted their FY2025 EPS estimates for OceanaGold in a note issued to investors on Monday, November 11th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings per share of $0.83 for the year, up from their previous estimate of $0.72. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

A number of other research analysts have also commented on the company. Desjardins increased their price objective 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 dropped their price target on shares of OceanaGold from C$5.25 to C$4.50 in a research report on Thursday, November 7th. National Bankshares decreased their price objective on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Scotiabank lifted their target price on shares of OceanaGold from C$4.25 to C$4.75 in a report on Monday, August 19th. Finally, Canaccord Genuity Group raised their price target on 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. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$4.80.

OceanaGold Price Performance

OceanaGold stock opened at C$3.85 on Wednesday. OceanaGold has a one year low of C$2.08 and a one year high of C$4.41. The company’s fifty day moving average price is C$3.84 and its two-hundred day moving average price is C$3.49. The company has a market capitalization of C$2.74 billion, a price-to-earnings ratio of 385.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.14 by C($0.02). OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. The business had revenue of C$470.93 million for the quarter.

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.