Cormark Issues Optimistic Outlook for OceanaGold Earnings

OceanaGold Co. (TSE:OGC) – Research analysts at Cormark upped their Q1 2025 earnings per share (EPS) estimates for shares of OceanaGold in a report issued on Tuesday, April 22nd. Cormark analyst R. Gray now expects that the company will post earnings of $0.13 per share for the quarter, up from their previous estimate of $0.09. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

A number of other research firms have also issued reports on OGC. National Bank Financial upgraded shares of OceanaGold to a “strong-buy” rating in a research note on Friday, March 21st. Raymond James lifted their price objective on OceanaGold from C$5.50 to C$6.50 in a research note on Friday, April 4th. BMO Capital Markets decreased their target price on OceanaGold from C$6.25 to C$5.75 in a research note on Thursday, February 20th. TD Securities cut OceanaGold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Scotiabank upped their target price on shares of OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, OceanaGold currently has a consensus rating of “Buy” and an average target price of C$5.75.

OceanaGold Stock Up 0.4 %

Shares of OceanaGold stock opened at C$5.01 on Thursday. OceanaGold has a 12-month low of C$2.89 and a 12-month high of C$5.33. The stock has a 50 day moving average price of C$4.43 and a two-hundred day moving average price of C$4.23. The stock has a market capitalization of C$2.49 billion, a P/E ratio of 40.63 and a beta of 1.62.

Insider Activity at OceanaGold

In related news, Senior Officer Liang Tang sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of C$4.38, for a total transaction of C$219,000.00. 0.15% of the stock is currently owned by insiders.

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.