Raymond James Comments on OceanaGold Co.’s Q2 2024 Earnings (TSE:OGC)

OceanaGold Co. (TSE:OGCFree Report) – Raymond James reduced their Q2 2024 earnings estimates for shares of OceanaGold in a research report issued to clients and investors on Wednesday, May 22nd. Raymond James analyst F. Hamed now forecasts that the company will post earnings per share of $0.08 for the quarter, down from their previous forecast of $0.10. The consensus estimate for OceanaGold’s current full-year earnings is $0.31 per share. Raymond James also issued estimates for OceanaGold’s Q3 2024 earnings at $0.15 EPS and FY2024 earnings at $0.38 EPS.

OceanaGold (TSE:OGCGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. 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). OceanaGold had a net margin of 3.69% and a return on equity of 2.29%. The company had revenue of C$364.40 million for the quarter.

Several other equities analysts also recently weighed in on the stock. Jefferies Financial Group lifted their price target on shares of OceanaGold from C$3.50 to C$4.00 and gave the company a “buy” rating in a report on Monday, April 22nd. 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. National Bankshares dropped their target price on shares of OceanaGold from C$4.75 to C$4.50 in a report on Thursday, May 2nd. Desjardins raised OceanaGold to a “moderate buy” rating in a report on Friday, May 10th. Finally, Canaccord Genuity Group upped their price objective on OceanaGold from C$4.00 to C$4.25 in a research note on Tuesday, April 23rd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$4.19.

Get Our Latest Stock Report on OGC

OceanaGold Trading Up 0.3 %

Shares of TSE:OGC opened at C$3.19 on Monday. The stock has a 50 day moving average of C$3.11 and a 200 day moving average of C$2.74. The company has a market cap of C$2.27 billion, a PE ratio of 45.57 and a beta of 1.61. OceanaGold has a 12-month low of C$2.08 and a 12-month high of C$3.50.

About OceanaGold

(Get Free Report)

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.

See Also

Earnings History and Estimates for OceanaGold (TSE:OGC)

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