FY2024 EPS Estimates for OceanaGold Co. (TSE:OGC) Raised by Analyst

OceanaGold Co. (TSE:OGC) – Investment analysts at National Bank Financial boosted their FY2024 EPS estimates for OceanaGold in a report issued on Wednesday, May 1st. National Bank Financial analyst M. Parkin now expects that the company will earn $0.31 per share for the year, up from their prior forecast of $0.16. National Bank Financial has a “Outperform Overweight” rating on the stock. The consensus estimate for OceanaGold’s current full-year earnings is $0.32 per share. National Bank Financial also issued estimates for OceanaGold’s FY2025 earnings at $0.58 EPS.

OceanaGold (TSE:OGC) last announced its quarterly earnings results 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 company had revenue of C$363.94 million for the quarter. OceanaGold had a net margin of 3.69% and a return on equity of 2.29%.

Several other analysts have also recently weighed in on OGC. Jefferies Financial Group boosted their price objective on shares of OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Cormark lowered their price objective on OceanaGold from C$3.25 to C$3.00 in a research report on Monday, February 26th. CIBC upped their target price on OceanaGold from C$4.50 to C$5.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Raymond James increased their target price on shares of OceanaGold from C$4.50 to C$5.00 in a research report on Tuesday, April 23rd. Finally, National Bankshares dropped their price target on shares of OceanaGold from C$4.75 to C$4.50 in a research report on Thursday, May 2nd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$4.17.

OceanaGold Price Performance

Shares of OGC stock opened at C$3.04 on Monday. The company has a market cap of C$2.16 billion, a price-to-earnings ratio of 43.43 and a beta of 1.61. OceanaGold has a twelve month low of C$2.08 and a twelve month high of C$3.50. The stock’s fifty day moving average price is C$2.93.

Insider Activity

In other OceanaGold news, Director Paul Benson acquired 44,400 shares of OceanaGold stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of C$2.25 per share, for a total transaction of C$99,678.00. 0.14% of the stock is currently owned by corporate insiders.

OceanaGold Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, April 26th. Stockholders of record on Thursday, March 7th were paid a $0.013 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. OceanaGold’s payout ratio is presently 42.86%.

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.