Raymond James Equities Analysts Raise Earnings Estimates for OceanaGold Co. (TSE:OGC)

OceanaGold Co. (TSE:OGC) – Equities research analysts at Raymond James raised their Q3 2024 earnings per share estimates for shares of OceanaGold in a research note issued on Tuesday, April 23rd. Raymond James analyst F. Hamed now forecasts that the company will post earnings per share of $0.16 for the quarter, up from their prior forecast of $0.11. The consensus estimate for OceanaGold’s current full-year earnings is $0.30 per share. Raymond James also issued estimates for OceanaGold’s Q4 2024 earnings at $0.16 EPS.

Other equities analysts also recently issued research reports about the stock. CIBC boosted their target price on shares of OceanaGold from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Cormark lowered their target price on shares of OceanaGold from C$3.25 to C$3.00 in a research note on Monday, February 26th. Canaccord Genuity Group boosted their target price on shares of OceanaGold from C$4.00 to C$4.25 in a research note on Tuesday. BMO Capital Markets lowered their target price on shares of OceanaGold from C$4.25 to C$3.75 in a research note on Thursday, February 22nd. Finally, National Bankshares decreased their price objective on shares of OceanaGold from C$4.00 to C$3.75 in a research note on Friday, February 23rd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$4.08.

OceanaGold Trading Up 2.2 %

OGC stock opened at C$3.20 on Thursday. The stock has a market cap of C$2.26 billion, a price-to-earnings ratio of 20.00 and a beta of 1.50. The firm’s 50 day moving average price is C$2.88. OceanaGold has a one year low of C$2.08 and a one year high of C$3.50.

OceanaGold (TSE:OGC) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.02 by C($0.01). The firm had revenue of C$363.94 million during the quarter. OceanaGold had a return on equity of 4.88% and a net margin of 8.10%.

Insider Buying and Selling at OceanaGold

In related news, Director Paul Benson bought 44,400 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of C$2.25 per share, with a total value of C$99,678.00. 0.14% of the stock is currently owned by corporate insiders.

OceanaGold Announces Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Friday, April 26th. Shareholders of record on Thursday, March 7th were issued a $0.013 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. OceanaGold’s dividend payout ratio (DPR) is presently 18.75%.

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.