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

OceanaGold Co. (TSE:OGC) – Analysts at Raymond James increased their Q3 2024 EPS estimates for shares of OceanaGold in a research report issued on Tuesday, April 23rd. Raymond James analyst F. Hamed now forecasts that the company will post earnings per share of $0.16 for the quarter, up from their previous forecast 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.

OceanaGold (TSE:OGC) last posted its earnings results on Wednesday, February 21st. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). The business had revenue of C$363.94 million for the quarter. OceanaGold had a net margin of 8.10% and a return on equity of 4.88%.

A number of other research analysts also recently commented on OGC. National Bankshares cut their target price on shares of OceanaGold from C$4.00 to C$3.75 in a research report on Friday, February 23rd. Canaccord Genuity Group lifted their price objective on shares of OceanaGold from C$4.00 to C$4.25 in a research report on Tuesday. 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. Desjardins boosted their price objective on shares of OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of OceanaGold in a research note on Monday, April 8th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$4.08.

OceanaGold Stock Up 3.3 %

TSE OGC opened at C$3.13 on Thursday. The stock has a market cap of C$2.21 billion, a P/E ratio of 19.56 and a beta of 1.50. The firm’s 50-day simple moving average is C$2.87. OceanaGold has a one year low of C$2.08 and a one year high of C$3.50.

Insiders Place Their Bets

In related news, Director Paul Benson bought 44,400 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of C$2.25 per share, with a total value of C$99,678.00. 0.14% of the stock is owned by insiders.

OceanaGold Announces Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, March 7th will be given a dividend of $0.013 per share. The ex-dividend date of this dividend is Wednesday, March 6th. OceanaGold’s dividend payout ratio is presently 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.