FY2024 Earnings Forecast for OceanaGold Issued By Cormark

OceanaGold Co. (TSE:OGCFree Report) – Research analysts at Cormark upped their FY2024 earnings per share estimates for OceanaGold in a research report issued to clients and investors on Monday, January 27th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.42 for the year, up from their previous forecast of $0.40. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. Cormark also issued estimates for OceanaGold’s Q4 2024 earnings at $0.22 EPS and Q1 2025 earnings at $0.17 EPS.

OceanaGold (TSE:OGCGet Free Report) last released its earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate 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 for the quarter.

Several other equities research analysts have also commented on the stock. Royal Bank of Canada boosted their price target on shares of OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. CIBC lowered their price target on OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. National Bankshares decreased their target price on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, Scotiabank raised their price target on shares of OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, OceanaGold has a consensus rating of “Buy” and an average price target of C$5.13.

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OceanaGold Stock Performance

Shares of TSE OGC opened at C$4.22 on Tuesday. The stock has a 50 day moving average price of C$4.15 and a 200 day moving average price of C$3.85. The firm has a market capitalization of C$3.00 billion, a price-to-earnings ratio of 422.00 and a beta of 1.62. OceanaGold has a 52-week low of C$2.08 and a 52-week high of C$4.57.

OceanaGold Company Profile

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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.

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Earnings History and Estimates for OceanaGold (TSE:OGC)

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