Scotiabank Forecasts OceanaGold’s FY2027 Earnings (TSE:OGC)

OceanaGold Co. (TSE:OGC) – Research analysts at Scotiabank increased their FY2027 earnings estimates for shares of OceanaGold in a research note issued to investors on Wednesday, February 11th. Scotiabank analyst O. Habib now expects that the company will earn $5.00 per share for the year, up from their previous forecast of $4.87. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

OceanaGold (TSE:OGC) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.40 EPS for the quarter. OceanaGold had a net margin of 5.86% and a return on equity of 3.82%. The company had revenue of C$624.50 million for the quarter.

Several other research analysts also recently weighed in on OGC. Desjardins set a C$50.00 target price on OceanaGold and gave the company a “buy” rating in a research note on Friday, November 28th. Jefferies Financial Group lifted their price objective on shares of OceanaGold from C$45.00 to C$53.00 in a research report on Monday, January 19th. Canadian Imperial Bank of Commerce boosted their price objective on shares of OceanaGold from C$50.00 to C$66.00 in a research note on Wednesday, February 4th. Finally, TD Securities raised their target price on shares of OceanaGold from C$38.00 to C$56.00 in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$44.58.

OceanaGold Stock Performance

Shares of OGC opened at C$49.56 on Friday. The company has a market capitalization of C$11.32 billion, a price-to-earnings ratio of 28.98 and a beta of 1.94. OceanaGold has a fifty-two week low of C$10.86 and a fifty-two week high of C$54.02. The firm has a 50-day simple moving average of C$43.31 and a 200-day simple moving average of C$33.88.

About OceanaGold

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.