Cormark Weighs in on OceanaGold’s FY2024 Earnings (TSE:OGC)

OceanaGold Co. (TSE:OGC) – Cormark increased their FY2024 earnings estimates for shares of OceanaGold in a report released on Monday, January 27th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.42 per share for the year, up from their previous estimate 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.

OGC has been the topic of a number of other research reports. CIBC cut their price objective on shares of OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. Royal Bank of Canada raised their price objective on OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. National Bankshares cut their target price on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock 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 currently has a consensus rating of “Buy” and a consensus price target of C$5.13.

OceanaGold Stock Performance

Shares of TSE:OGC opened at C$4.14 on Tuesday. The business’s 50-day simple moving average is C$4.13 and its 200 day simple moving average is C$3.84. OceanaGold has a one year low of C$2.08 and a one year high of C$4.57. The company has a market cap of C$2.94 billion, a P/E ratio of 414.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last released 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). OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. The business had revenue of C$470.93 million for the quarter.

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.