National Bank Financial Weighs in on OceanaGold Co.’s Q1 2024 Earnings (TSE:OGC)

OceanaGold Co. (TSE:OGC) – Analysts at National Bank Financial issued their Q1 2024 EPS estimates for OceanaGold in a research note issued to investors on Thursday, April 18th. National Bank Financial analyst M. Parkin anticipates that the company will earn $0.02 per share for the quarter. National Bank Financial currently has a “Outperform Overweight” rating on the stock. The consensus estimate for OceanaGold’s current full-year earnings is $0.30 per share. National Bank Financial also issued estimates for OceanaGold’s FY2025 earnings at $0.34 EPS.

Several other research firms have also issued reports on OGC. National Bankshares dropped their price objective on shares of OceanaGold from C$4.00 to C$3.75 in a research report on Friday, February 23rd. BMO Capital Markets decreased their target price on shares of OceanaGold from C$4.25 to C$3.75 in a research note on Thursday, February 22nd. Raymond James upped their target price on shares of OceanaGold from C$4.00 to C$4.50 in a research note on Monday, April 8th. Desjardins upped their target price on shares of OceanaGold from C$3.50 to C$4.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, Cormark reduced their price objective on shares of OceanaGold from C$3.25 to C$3.00 in a research note on Monday, February 26th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$3.94.

OceanaGold Stock Down 1.8 %

OceanaGold stock opened at C$3.19 on Monday. OceanaGold has a 52-week low of C$2.08 and a 52-week high of C$3.50. The stock has a fifty day simple moving average of C$2.84. The firm has a market capitalization of C$2.26 billion, a price-to-earnings ratio of 19.94 and a beta of 1.50.

OceanaGold (TSE:OGC) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) 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 during the quarter.

Insider Activity at OceanaGold

In other news, Director Paul Benson acquired 44,400 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of C$2.25 per share, for a total transaction of C$99,678.00. 0.14% of the stock is currently owned by insiders.

OceanaGold Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, March 7th will be given a $0.013 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. OceanaGold’s dividend payout ratio is presently 18.75%.

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.