OceanaGold FY2024 EPS Boosted by National Bank Financial

OceanaGold Co. (TSE:OGC) – Analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for OceanaGold in a note issued to investors on Monday, November 11th. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $0.53 for the year, up from their prior forecast of $0.46. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. National Bank Financial also issued estimates for OceanaGold’s FY2026 earnings at $1.03 EPS.

Several other equities research analysts have also recently weighed in on the company. National Bankshares reduced their price objective on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Desjardins increased their price target on OceanaGold from C$4.90 to C$5.50 and gave the company a “buy” rating in a report on Monday, July 22nd. Canaccord Genuity Group lifted their price objective on shares of OceanaGold from C$4.50 to C$5.50 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 23rd. CIBC reduced their target price on shares of OceanaGold from C$5.25 to C$4.50 in a research note on Thursday, November 7th. Finally, Scotiabank lifted their price target on shares of OceanaGold from C$4.25 to C$4.75 in a research note on Monday, August 19th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$4.80.

OceanaGold Price Performance

OceanaGold stock opened at C$3.80 on Thursday. OceanaGold has a twelve month low of C$2.08 and a twelve month high of C$4.41. The company’s 50-day moving average price is C$3.83 and its 200-day moving average price is C$3.49. The company has a market cap of C$2.70 billion, a PE ratio of 380.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share 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 during 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.