FY2027 Earnings Forecast for OceanaGold Issued By Scotiabank

OceanaGold Co. (TSE:OGC) – Analysts at Scotiabank raised their FY2027 earnings estimates for OceanaGold in a note issued to investors on Wednesday, February 11th. Scotiabank analyst O. Habib now expects that the company will post earnings of $5.00 per share for the year, up from their previous forecast of $4.87. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

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

OGC has been the topic of a number of other reports. Desjardins set a C$50.00 target price on shares of OceanaGold and gave the stock a “buy” rating in a research note on Friday, November 28th. Jefferies Financial Group increased their price objective on shares of OceanaGold from C$45.00 to C$53.00 in a research report on Monday, January 19th. TD Securities raised their price objective on shares of OceanaGold from C$38.00 to C$56.00 in a report on Thursday, January 22nd. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of OceanaGold from C$50.00 to C$66.00 in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat, OceanaGold currently has an average rating of “Buy” and a consensus target price of C$44.58.

OceanaGold Price Performance

Shares of TSE OGC opened at C$49.56 on Friday. The company has a market cap of C$11.32 billion, a price-to-earnings ratio of 28.98 and a beta of 1.94. The stock’s 50-day moving average is C$43.31 and its two-hundred day moving average is C$33.88. OceanaGold has a 1-year low of C$10.86 and a 1-year high of C$54.02.

About OceanaGold

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.