OceanaGold FY2024 EPS Boosted by National Bank Financial

OceanaGold Co. (TSE:OGC) – National Bank Financial increased their FY2024 earnings per share estimates for shares of OceanaGold in a report issued on Monday, November 11th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $0.53 per share for the year, up from their previous forecast of $0.46. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. National Bank Financial also issued estimates for OceanaGold’s FY2026 earnings at $1.03 EPS.

A number of other analysts have also issued reports on OGC. Canaccord Genuity Group lifted their target price on OceanaGold from C$4.50 to C$5.50 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 23rd. Desjardins raised their target price on OceanaGold from C$4.90 to C$5.50 and gave the company a “buy” rating in a research note on Monday, July 22nd. Scotiabank increased their price objective on OceanaGold from C$4.25 to C$4.75 in a report on Monday, August 19th. 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. Finally, National Bankshares dropped their price objective on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, OceanaGold currently has an average rating of “Buy” and an average price target of C$4.80.

OceanaGold Stock Performance

OceanaGold stock opened at C$3.85 on Thursday. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$4.41. The firm has a 50 day moving average price of C$3.85 and a 200 day moving average price of C$3.50. The company has a market cap of C$2.74 billion, a price-to-earnings ratio of 385.00 and a beta of 1.62.

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

About OceanaGold

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.