OceanaGold Co. (TSE:OGC) Expected to Earn Q2 2024 Earnings of $0.01 Per Share

OceanaGold Co. (TSE:OGC) – Equities researchers at National Bank Financial issued their Q2 2024 earnings estimates for OceanaGold in a report issued on Tuesday, July 16th. National Bank Financial analyst M. Parkin forecasts that the company will post earnings per share of $0.01 for the quarter. National Bank Financial currently has a “Outperform Overweight” rating on the stock. The consensus estimate for OceanaGold’s current full-year earnings is $0.31 per share.

OceanaGold (TSE:OGC) last issued its quarterly earnings results on Tuesday, April 30th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.02 by C($0.01). The firm had revenue of C$364.40 million for the quarter. OceanaGold had a net margin of 3.69% and a return on equity of 2.29%.

Several other equities analysts have also recently issued reports on OGC. Desjardins raised shares of OceanaGold to a “moderate buy” rating in a research note on Friday, May 10th. Royal Bank of Canada upgraded shares of OceanaGold to a “moderate buy” rating in a research report on Wednesday, June 12th. Canaccord Genuity Group upped their price target on OceanaGold from C$4.00 to C$4.25 in a report on Tuesday, April 23rd. CIBC upped their price target on shares of OceanaGold from C$5.00 to C$5.25 in a research report on Wednesday, July 10th. Finally, Raymond James lifted their price objective on shares of OceanaGold from C$4.50 to C$5.00 in a research report on Tuesday, April 23rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$4.39.

OceanaGold Stock Down 1.4 %

TSE:OGC opened at C$3.65 on Friday. The business’s 50-day moving average price is C$3.27 and its 200 day moving average price is C$2.97. OceanaGold has a 52-week low of C$2.08 and a 52-week high of C$3.84. The firm has a market cap of C$2.60 billion, a P/E ratio of 52.14 and a beta of 1.61.

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.