FY2024 EPS Estimates for OceanaGold Decreased by Analyst

OceanaGold Co. (TSE:OGC) – Analysts at National Bank Financial lowered their FY2024 EPS estimates for shares of OceanaGold in a research note issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now expects that the company will post earnings per share of $0.46 for the year, down from their previous estimate of $0.47. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

Other equities analysts have also issued reports about the company. Royal Bank of Canada boosted their price target on OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Scotiabank increased their target price on shares of OceanaGold from C$4.25 to C$4.75 in a research note on Monday, August 19th. Jefferies Financial Group raised their price target on shares of OceanaGold from C$4.00 to C$5.00 in a report on Friday, July 12th. National Bankshares dropped their price objective on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Wednesday. Finally, CIBC raised their target price on OceanaGold from C$5.00 to C$5.25 in a research note on Wednesday, July 10th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$4.88.

OceanaGold Trading Down 1.2 %

OGC stock opened at C$4.11 on Friday. The stock has a 50-day moving average price of C$3.74 and a 200-day moving average price of C$3.42. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$4.41. The firm has a market cap of C$2.92 billion, a PE ratio of 411.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last released its earnings results on Tuesday, July 30th. The company reported C$0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.05. The business had revenue of C$343.70 million for the quarter. OceanaGold had a net margin of 0.10% and a return on equity of 0.24%.

OceanaGold Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.014 per share. The ex-dividend date was Thursday, August 29th. This is an increase from OceanaGold’s previous Semi-Annual dividend of $0.01. OceanaGold’s payout ratio is 300.00%.

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.