Q1 2024 Earnings Forecast for OceanaGold Co. Issued By Raymond James (TSE:OGC)

OceanaGold Co. (TSE:OGC) – Analysts at Raymond James reduced their Q1 2024 earnings estimates for shares of OceanaGold in a research report issued to clients and investors on Thursday, April 18th. Raymond James analyst F. Hamed now forecasts that the company will post earnings of $0.01 per share for the quarter, down from their previous estimate of $0.03. The consensus estimate for OceanaGold’s current full-year earnings is $0.30 per share. Raymond James also issued estimates for OceanaGold’s Q3 2024 earnings at $0.11 EPS and Q4 2024 earnings at $0.11 EPS.

OGC has been the topic of several other research reports. National Bankshares reduced their price target on shares of OceanaGold from C$4.00 to C$3.75 in a research report on Friday, February 23rd. Canaccord Genuity Group boosted their price objective on OceanaGold from C$4.00 to C$4.25 in a report on Tuesday. CIBC boosted their price objective on OceanaGold from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. BMO Capital Markets dropped their price objective on OceanaGold from C$4.25 to C$3.75 in a report on Thursday, February 22nd. Finally, Jefferies Financial Group boosted their price objective on OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a report on Monday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, OceanaGold presently has a consensus rating of “Buy” and an average target price of C$4.08.

OceanaGold Trading Up 1.3 %

Shares of TSE OGC opened at C$3.05 on Monday. The stock’s 50-day moving average is C$2.85. The firm has a market cap of C$2.16 billion, a P/E ratio of 19.06 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.

OceanaGold (TSE:OGC) last issued its earnings results 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). OceanaGold had a net margin of 8.10% and a return on equity of 4.88%. The firm had revenue of C$363.94 million during the quarter.

OceanaGold Dividend Announcement

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

Insider Activity

In other news, Director Paul Benson purchased 44,400 shares of OceanaGold stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of C$2.25 per share, with a total value of C$99,678.00. 0.14% of the stock is currently owned by company insiders.

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.