FY2024 Earnings Estimate for OceanaGold Issued By Scotiabank

OceanaGold Co. (TSE:OGC) – Investment analysts at Scotiabank increased their FY2024 earnings estimates for shares of OceanaGold in a report released on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will earn $0.33 per share for the year, up from their prior forecast of $0.29. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

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

Other equities analysts also recently issued research reports about the company. 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 report on Wednesday, October 23rd. CIBC dropped their price target on shares of OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. Finally, Royal Bank of Canada lifted their price objective on shares of OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. Five investment 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.com, OceanaGold presently has a consensus rating of “Buy” and an average target price of C$5.10.

OceanaGold Price Performance

Shares of OGC stock opened at C$3.98 on Friday. The firm has a market cap of C$2.83 billion, a P/E ratio of 398.00 and a beta of 1.62. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$4.57. The stock’s 50-day moving average is C$4.10 and its two-hundred day moving average is C$3.77.

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.