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

OceanaGold Co. (TSE:OGC) – Raymond James lifted their Q3 2024 earnings per share estimates for shares of OceanaGold in a research report issued to clients and investors on Tuesday, April 23rd. Raymond James analyst F. Hamed now forecasts that the company will post earnings of $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.

A number of other brokerages have also issued reports on OGC. Canaccord Genuity Group boosted their target price on OceanaGold from C$4.00 to C$4.25 in a research report on Tuesday. CIBC boosted their target price on OceanaGold from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Desjardins upped their price target on OceanaGold from C$3.50 to C$4.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. National Bankshares dropped their price target on OceanaGold from C$4.00 to C$3.75 in a research report on Friday, February 23rd. Finally, Cormark dropped their price target on OceanaGold from C$3.25 to C$3.00 in a research report on Monday, February 26th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$4.08.

OceanaGold Stock Down 0.7 %

Shares of OceanaGold stock opened at C$3.03 on Thursday. The stock’s fifty day moving average is C$2.86. The firm has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 18.94 and a beta of 1.50. OceanaGold has a 12-month low of C$2.08 and a 12-month high of C$3.50.

OceanaGold (TSE:OGC) last announced its earnings results 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%.

Insider Buying and Selling at OceanaGold

In other news, Director Paul Benson bought 44,400 shares of the stock in a transaction on Tuesday, February 27th. The shares were purchased at an average price of C$2.25 per share, for a total transaction of C$99,678.00. Corporate insiders own 0.14% of the company’s stock.

OceanaGold Announces Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, April 26th. Shareholders 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 (DPR) is currently 18.75%.

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.