Cormark Analysts Decrease Earnings Estimates for OceanaGold

OceanaGold Co. (TSE:OGC) – Stock analysts at Cormark decreased their FY2025 EPS estimates for shares of OceanaGold in a research report issued to clients and investors on Tuesday, February 25th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.47 for the year, down from their previous forecast of $0.71. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. Cormark also issued estimates for OceanaGold’s FY2026 earnings at $0.74 EPS.

A number of other brokerages also recently issued reports on OGC. CIBC dropped their price target on OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Royal Bank of Canada lifted their price objective on shares of OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. Scotiabank raised their price target on OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. TD Securities raised OceanaGold to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, BMO Capital Markets decreased their price objective on OceanaGold from C$6.25 to C$5.75 in a report on Thursday, February 20th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, OceanaGold presently has a consensus rating of “Buy” and a consensus target price of C$5.58.

OceanaGold Stock Performance

Shares of OGC stock opened at C$3.98 on Thursday. The company has a market capitalization of C$1.98 billion, a PE ratio of 32.28 and a beta of 1.62. The business’s fifty day moving average is C$4.17 and its 200 day moving average is C$3.96. OceanaGold has a 52-week low of C$2.08 and a 52-week high of C$4.80.

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.