FY2024 EPS Estimates for OceanaGold Boosted by Raymond James

OceanaGold Co. (TSE:OGC) – Equities researchers at Raymond James increased their FY2024 earnings per share (EPS) estimates for OceanaGold in a research report issued on Monday, February 3rd. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.41 for the year, up from their prior forecast of $0.37. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. Raymond James also issued estimates for OceanaGold’s Q4 2024 earnings at $0.23 EPS, Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.09 EPS and FY2025 earnings at $0.41 EPS.

OceanaGold (TSE:OGC) last posted its quarterly earnings results 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). OceanaGold had a net margin of 0.10% and a return on equity of 0.24%. The company had revenue of C$470.93 million during the quarter.

A number of other analysts have also recently issued reports on OGC. CIBC cut their price objective on OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Scotiabank raised their price objective on OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. Royal Bank of Canada raised their price objective on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. Finally, National Bankshares cut their price objective on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, OceanaGold currently has a consensus rating of “Buy” and a consensus price target of C$5.13.

OceanaGold Stock Up 3.2 %

OGC opened at C$4.55 on Wednesday. OceanaGold has a 12-month low of C$2.08 and a 12-month high of C$4.60. The stock has a market cap of C$3.24 billion, a price-to-earnings ratio of 455.00 and a beta of 1.62. The business has a 50 day moving average of C$4.16 and a 200-day moving average of C$3.88.

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.