National Bank Financial Weighs in on OceanaGold Q3 Earnings

OceanaGold Co. (TSE:OGC) – Equities researchers at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of OceanaGold in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin forecasts that the company will post earnings per share of $0.11 for the quarter. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. National Bank Financial also issued estimates for OceanaGold’s FY2025 earnings at $0.72 EPS.

A number of other research firms have also issued reports on OGC. Royal Bank of Canada raised their target price on OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Canaccord Genuity Group lifted their price objective on OceanaGold from C$4.50 to C$5.50 and gave the company a “strong-buy” rating in a research report on Tuesday, July 23rd. National Bankshares cut their price objective on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research report on Wednesday. Jefferies Financial Group boosted their target price on OceanaGold from C$4.00 to C$5.00 in a research report on Friday, July 12th. Finally, Desjardins boosted their target price on OceanaGold from C$4.90 to C$5.50 and gave the company a “buy” rating in a research note on Monday, July 22nd. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$4.88.

OceanaGold Stock Down 1.2 %

OGC opened at C$4.11 on Thursday. The firm has a market capitalization of C$2.92 billion, a P/E ratio of 416.00 and a beta of 1.62. The stock’s 50 day moving average price is C$3.72 and its two-hundred day moving average price is C$3.42. OceanaGold has a 12-month low of C$2.08 and a 12-month high of C$4.41.

OceanaGold (TSE:OGC) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.05. The business had revenue of C$343.70 million for the quarter. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%.

OceanaGold Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, August 29th were paid a $0.014 dividend. This is a positive change from OceanaGold’s previous Semi-Annual dividend of $0.01. The ex-dividend date of this dividend was Thursday, August 29th. OceanaGold’s dividend payout ratio is currently 300.00%.

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.