OceanaGold Co. (TSE:OGC – Free Report) – Stock analysts at Raymond James lifted their Q2 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 of $0.10 per share for the quarter, up from their previous estimate of $0.04. The consensus estimate for OceanaGold’s current full-year earnings is $0.30 per share. Raymond James also issued estimates for OceanaGold’s FY2024 earnings at $0.44 EPS.
OceanaGold (TSE:OGC – Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported C$0.01 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 return on equity of 4.88% and a net margin of 8.10%.
Read Our Latest Research Report on OceanaGold
OceanaGold Price Performance
Shares of OGC opened at C$3.13 on Friday. The firm has a market cap of C$2.21 billion, a P/E ratio of 19.56 and a beta of 1.50. OceanaGold has a 12 month low of C$2.08 and a 12 month high of C$3.50. The stock’s 50-day moving average is C$2.87.
OceanaGold Dividend Announcement
The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, March 7th will be issued a dividend of $0.013 per share. The ex-dividend date is Wednesday, March 6th. OceanaGold’s dividend payout ratio is currently 18.75%.
Insiders Place Their Bets
In related news, Director Paul Benson acquired 44,400 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average cost of C$2.25 per share, with a total value of C$99,678.00. Corporate insiders own 0.14% of the company’s stock.
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.
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