FY2025 EPS Estimates for OceanaGold Boosted by Analyst

OceanaGold Co. (TSE:OGC) – Equities research analysts at National Bank Financial boosted their FY2025 earnings per share (EPS) estimates for shares of OceanaGold in a research note issued to investors on Monday, November 11th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings of $0.83 per share for the year, up from their previous forecast of $0.72. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

OceanaGold (TSE:OGC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The company had revenue of C$470.93 million for the quarter. OceanaGold had a net margin of 0.10% and a return on equity of 0.24%.

Other equities analysts have also issued reports about the company. National Bankshares decreased their price target on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. CIBC cut their price target on shares of OceanaGold from C$5.25 to C$4.50 in a report on Thursday, November 7th. Scotiabank lifted their price objective on shares of OceanaGold from C$4.25 to C$4.75 in a research note on Monday, August 19th. Desjardins increased their target price on shares of OceanaGold from C$4.90 to C$5.50 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Royal Bank of Canada lifted their price target on shares of OceanaGold from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, OceanaGold presently has an average rating of “Buy” and a consensus price target of C$4.80.

OceanaGold Trading Up 1.3 %

Shares of TSE:OGC opened at C$3.85 on Wednesday. OceanaGold has a twelve month low of C$2.08 and a twelve month high of C$4.41. The firm has a market cap of C$2.74 billion, a P/E ratio of 385.00 and a beta of 1.62. The company has a 50 day moving average of C$3.84 and a 200-day moving average of C$3.49.

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.