OceanaGold Co. (TSE:OGC) Forecasted to Earn Q1 2024 Earnings of $0.05 Per Share

OceanaGold Co. (TSE:OGC – Get Rating) – Stock analysts at Raymond James issued their Q1 2024 earnings per share estimates for shares of OceanaGold in a report issued on Thursday, May 18th. Raymond James analyst F. Hamed anticipates that the company will post earnings of $0.05 per share for the quarter. Raymond James currently has a “Outperform” rating and a $3.75 target price on the stock. The consensus estimate for OceanaGold’s current full-year earnings is $0.20 per share. Raymond James also issued estimates for OceanaGold’s Q2 2024 earnings at $0.07 EPS, Q3 2024 earnings at $0.07 EPS and Q4 2024 earnings at $0.07 EPS.

Other equities analysts also recently issued research reports about the company. CIBC raised OceanaGold from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$3.00 to C$4.00 in a research report on Thursday, January 26th. National Bankshares decreased their price objective on OceanaGold from C$4.00 to C$3.75 and set an “outperform” rating on the stock in a report on Thursday, February 23rd.

OceanaGold Stock Up 0.4 %

OGC opened at C$2.85 on Monday. The business has a 50 day moving average price of C$3.20 and a two-hundred day moving average price of C$2.81. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 14.66. The company has a market cap of C$2.02 billion, a PE ratio of 17.81, a P/E/G ratio of -1.97 and a beta of 1.18. OceanaGold has a 52 week low of C$1.78 and a 52 week high of C$3.50.

OceanaGold (TSE:OGC – Get Rating) last posted its quarterly earnings data on Tuesday, February 21st. The company reported C$0.04 EPS for the quarter, beating the consensus estimate of C$0.02 by C$0.02. The firm had revenue of C$323.68 million during the quarter. OceanaGold had a return on equity of 5.57% and a net margin of 10.04%.

OceanaGold Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, April 28th. Stockholders of record on Thursday, March 9th were issued a dividend of $0.013 per share. The ex-dividend date of this dividend was Wednesday, March 8th. OceanaGold’s dividend payout ratio (DPR) is 18.75%.

About OceanaGold

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OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, and silver deposits. The company operates the Didipio gold-copper mine located in the Nueva Vizcaya and Quirino provinces on the island of Luzon in the Philippines; the Macraes goldfield mine on the South Island of New Zealand and the Waihi gold mine on the North Island of New Zealand; and the Haile gold mine located in South Carolina, the United States.