FY2025 Earnings Forecast for OceanaGold Issued By Scotiabank

OceanaGold Co. (TSE:OGC) – Investment analysts at Scotiabank boosted their FY2025 earnings per share (EPS) estimates for OceanaGold in a note issued to investors on Friday, January 30th. Scotiabank analyst O. Habib now expects that the company will post earnings of $2.56 per share for the year, up from their previous estimate of $2.40. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

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

Several other brokerages also recently issued reports on OGC. CIBC upped their target price on shares of OceanaGold from C$30.00 to C$50.00 in a research note on Friday, October 10th. TD Securities upped their price objective on OceanaGold from C$38.00 to C$56.00 in a research report on Thursday, January 22nd. Jefferies Financial Group increased their target price on OceanaGold from C$45.00 to C$53.00 in a research note on Monday, January 19th. Finally, Desjardins set a C$50.00 price target on OceanaGold and gave the stock a “buy” rating in a research note on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat.com, OceanaGold presently has a consensus rating of “Buy” and a consensus price target of C$42.81.

OceanaGold Stock Performance

Shares of OGC stock opened at C$47.99 on Monday. The company has a market capitalization of C$10.96 billion, a price-to-earnings ratio of 28.06 and a beta of 1.94. OceanaGold has a one year low of C$10.86 and a one year high of C$54.02. The company’s 50-day moving average is C$41.39 and its 200 day moving average is C$32.64.

OceanaGold Company Profile

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.