Q3 2024 EPS Estimates for OceanaGold Co. (TSE:OGC) Raised by Analyst

OceanaGold Co. (TSE:OGC) – Analysts at Raymond James boosted their Q3 2024 earnings per share estimates for shares of OceanaGold in a research report issued to clients and investors on Tuesday, April 23rd. Raymond James analyst F. Hamed now forecasts that the company will post earnings per share of $0.16 for the quarter, up from their previous estimate of $0.11. The consensus estimate for OceanaGold’s current full-year earnings is $0.30 per share. Raymond James also issued estimates for OceanaGold’s Q4 2024 earnings at $0.16 EPS.

OceanaGold (TSE:OGC) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.02 by C($0.01). The business had revenue of C$363.94 million for the quarter. OceanaGold had a return on equity of 4.88% and a net margin of 8.10%.

Several other brokerages also recently commented on OGC. National Bankshares dropped their price objective on OceanaGold from C$4.00 to C$3.75 in a research note on Friday, February 23rd. National Bank Financial reissued an “outperform overweight” rating on shares of OceanaGold in a research note on Monday, April 8th. Jefferies Financial Group lifted their price target on OceanaGold from C$3.50 to C$4.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets dropped their price target on OceanaGold from C$4.25 to C$3.75 in a research note on Thursday, February 22nd. Finally, Desjardins lifted their price target on OceanaGold from C$3.50 to C$4.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, OceanaGold presently has a consensus rating of “Buy” and an average target price of C$4.08.

OceanaGold Price Performance

Shares of OceanaGold stock opened at C$3.03 on Thursday. The firm has a market cap of C$2.14 billion, a P/E ratio of 18.94 and a beta of 1.50. OceanaGold has a 12 month low of C$2.08 and a 12 month high of C$3.50. The business’s fifty day simple moving average is C$2.86.

Insider Activity

In related news, Director Paul Benson acquired 44,400 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of C$2.25 per share, for a total transaction of C$99,678.00. 0.14% of the stock is owned by corporate insiders.

OceanaGold Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, March 7th will be issued a $0.013 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. OceanaGold’s payout ratio is 18.75%.

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.