FY2024 EPS Estimates for OceanaGold Boosted by Raymond James

OceanaGold Co. (TSE:OGC) – Stock analysts at Raymond James upped their FY2024 earnings estimates for OceanaGold in a research note issued on Monday, February 3rd. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.41 for the year, up from their prior forecast of $0.37. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. Raymond James also issued estimates for OceanaGold’s Q4 2024 earnings at $0.23 EPS, Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.09 EPS and FY2025 earnings at $0.41 EPS.

OceanaGold (TSE:OGC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The firm had revenue of C$470.93 million for the quarter. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%.

A number of other equities analysts have also recently weighed in on the stock. CIBC reduced their price target on shares of OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Scotiabank boosted their price objective on shares of OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. National Bankshares lowered their target price on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada upped their price objective on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, OceanaGold currently has an average rating of “Buy” and a consensus target price of C$5.13.

OceanaGold Stock Up 3.2 %

Shares of TSE OGC opened at C$4.55 on Wednesday. The company’s fifty day moving average is C$4.16 and its 200-day moving average is C$3.88. The stock has a market cap of C$3.24 billion, a price-to-earnings ratio of 455.00 and a beta of 1.62. OceanaGold has a twelve month low of C$2.08 and a twelve month high of C$4.60.

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.