Q3 2024 EPS Estimates for OceanaGold Co. (TSE:OGC) Increased by Analyst

OceanaGold Co. (TSE:OGC) – Equities research analysts at Raymond James lifted their Q3 2024 EPS estimates for OceanaGold in a report released on Tuesday, April 23rd. Raymond James analyst F. Hamed now anticipates that the company will earn $0.16 per share for the quarter, up from their prior estimate of $0.11. The consensus estimate for OceanaGold’s current full-year earnings is $0.30 per share. Raymond James also issued estimates for OceanaGold’s Q4 2024 earnings at $0.16 EPS.

Several other equities analysts have also recently weighed in on the stock. BMO Capital Markets dropped their price target on shares of OceanaGold from C$4.25 to C$3.75 in a research report on Thursday, February 22nd. Jefferies Financial Group increased their price objective on shares of OceanaGold from C$3.50 to C$4.00 and gave the company a “buy” rating in a research note on Monday. Canaccord Genuity Group increased their price objective on shares of OceanaGold from C$4.00 to C$4.25 in a research note on Tuesday. Cormark decreased their price objective on shares of OceanaGold from C$3.25 to C$3.00 in a research note on Monday, February 26th. Finally, Desjardins increased their price objective on shares of OceanaGold from C$3.50 to C$4.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, OceanaGold has a consensus rating of “Buy” and a consensus price target of C$4.08.

OceanaGold Stock Performance

Shares of TSE OGC opened at C$3.13 on Thursday. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$3.50. The company has a market cap of C$2.21 billion, a PE ratio of 19.56 and a beta of 1.50. The company has a 50-day simple moving average of C$2.87.

OceanaGold (TSE:OGC) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). The company had revenue of C$363.94 million for the quarter. OceanaGold had a return on equity of 4.88% and a net margin of 8.10%.

OceanaGold Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, March 7th will be paid a $0.013 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. OceanaGold’s dividend payout ratio is 18.75%.

Insider Activity at OceanaGold

In other news, Director Paul Benson purchased 44,400 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average cost of C$2.25 per share, with a total value of C$99,678.00. 0.14% of the stock is 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.