FY2026 Earnings Forecast for OceanaGold Issued By Scotiabank

OceanaGold Co. (TSE:OGC) – Research analysts at Scotiabank boosted their FY2026 earnings per share estimates for shares of OceanaGold in a research note issued on Friday, April 17th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $5.01 per share for the year, up from their previous estimate of $4.98. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. Scotiabank also issued estimates for OceanaGold’s FY2027 earnings at $4.56 EPS.

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

A number of other brokerages have also issued reports on OGC. TD upped their target price on OceanaGold from C$55.00 to C$56.00 and gave the company a “buy” rating in a research report on Tuesday. Desjardins upped their target price on OceanaGold from C$63.00 to C$65.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Royal Bank Of Canada upped their target price on OceanaGold from C$52.00 to C$78.00 in a research report on Thursday, March 12th. Jefferies Financial Group upped their target price on OceanaGold from C$45.00 to C$53.00 in a research report on Monday, January 19th. Finally, TD Securities upped their target price on OceanaGold from C$38.00 to C$56.00 in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$56.11.

OceanaGold Stock Up 2.2%

Shares of OGC opened at C$46.38 on Wednesday. The business’s 50 day moving average is C$48.37 and its two-hundred day moving average is C$41.93. OceanaGold has a 52-week low of C$13.86 and a 52-week high of C$59.20. The firm has a market cap of C$10.44 billion, a price-to-earnings ratio of 17.24 and a beta of 2.46.

OceanaGold declared that its Board of Directors has approved a share buyback program on Wednesday, February 18th that authorizes the company to buyback $350.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

About OceanaGold

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.