OceanaGold Co. Expected to Earn Q1 2024 Earnings of ($0.01) Per Share (TSE:OGC)

OceanaGold Co. (TSE:OGC) – Equities research analysts at Desjardins issued their Q1 2024 EPS estimates for OceanaGold in a research report issued to clients and investors on Tuesday, April 23rd. Desjardins analyst J. Egilo expects that the company will earn ($0.01) per share for the quarter. Desjardins currently has a “Buy” rating and a $4.00 target price on the stock. The consensus estimate for OceanaGold’s current full-year earnings is $0.30 per share.

Other equities research analysts also recently issued research reports about the stock. Raymond James raised their price objective on shares of OceanaGold from C$4.50 to C$5.00 in a research report on Tuesday. Cormark reduced their price objective on shares of OceanaGold from C$3.25 to C$3.00 in a research report on Monday, February 26th. National Bank Financial restated an “outperform overweight” rating on shares of OceanaGold in a research report on Monday, April 8th. Canaccord Genuity Group raised their price objective on shares of OceanaGold from C$4.00 to C$4.25 in a research report on Tuesday. Finally, Jefferies Financial Group raised 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 report on Monday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, OceanaGold has an average rating of “Buy” and an average target price of C$4.08.

OceanaGold Stock Down 0.7 %

Shares of OGC opened at C$3.03 on Thursday. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$3.50. The firm has a market capitalization of C$2.14 billion, a P/E ratio of 18.94 and a beta of 1.50. The business’s 50-day simple moving average is C$2.86.

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

OceanaGold Dividend Announcement

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

Insider Transactions at OceanaGold

In other OceanaGold news, Director Paul Benson acquired 44,400 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average cost of C$2.25 per share, with a total value of C$99,678.00. Corporate insiders own 0.14% of the company’s stock.

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.