FY2027 Earnings Estimate for OceanaGold Issued By Scotiabank

OceanaGold Co. (TSE:OGC) – Stock analysts at Scotiabank lowered their FY2027 earnings per share estimates for OceanaGold in a research note issued to investors on Wednesday, April 1st. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $4.54 per share for the year, down from their previous forecast of $5.00. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

OGC has been the subject of a number of other reports. Jefferies Financial Group lifted their price target on shares of OceanaGold from C$45.00 to C$53.00 in a research report on Monday, January 19th. TD Securities raised their target price on shares of OceanaGold from C$38.00 to C$56.00 in a research note on Thursday, January 22nd. Canadian Imperial Bank of Commerce lifted their target price on shares of OceanaGold from C$66.00 to C$72.00 in a report on Thursday, February 26th. Desjardins boosted their price target on OceanaGold from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Royal Bank Of Canada upped their price target on OceanaGold from C$52.00 to C$78.00 in a research note on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, OceanaGold presently has an average rating of “Buy” and an average target price of C$56.13.

OceanaGold Price Performance

TSE:OGC opened at C$44.82 on Thursday. The firm’s 50-day moving average price is C$49.20 and its 200-day moving average price is C$40.17. The company has a market capitalization of C$10.09 billion, a PE ratio of 16.66 and a beta of 2.12. OceanaGold has a 1-year low of C$12.78 and a 1-year high of C$59.20.

OceanaGold (TSE:OGC) last posted its quarterly earnings data on Wednesday, February 18th. The company reported C$1.21 earnings per share (EPS) for the quarter. The business had revenue of C$870.81 million during the quarter. OceanaGold had a return on equity of 30.82% and a net margin of 33.30%.

OceanaGold announced that its board has approved a share buyback plan on Wednesday, February 18th that permits the company to buyback $350.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

OceanaGold Company Profile

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.