FY2024 Earnings Estimate for OceanaGold Issued By Scotiabank

OceanaGold Co. (TSE:OGC) – Analysts at Scotiabank raised their FY2024 earnings per share estimates for OceanaGold in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now expects that the company will earn $0.33 per share for the year, up from their prior forecast of $0.29. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

A number of other equities research analysts have also issued reports on the stock. Royal Bank of Canada increased their target price on shares of OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. CIBC reduced their price objective on OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. Finally, National Bankshares decreased their target price on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$5.10.

OceanaGold Stock Performance

Shares of OGC opened at C$4.13 on Friday. The stock has a market capitalization of C$2.94 billion, a PE ratio of 413.00 and a beta of 1.62. The company’s 50-day simple moving average is C$4.10 and its 200-day simple moving average is C$3.76. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$4.57.

OceanaGold (TSE:OGC) last posted its earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.14 by C($0.02). The firm had revenue of C$470.93 million for the quarter. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%.

About OceanaGold

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.