Scotiabank Brokers Raise Earnings Estimates for OceanaGold

OceanaGold Co. (TSE:OGC) – Equities researchers at Scotiabank increased their FY2027 earnings per share (EPS) estimates for OceanaGold in a research report issued on Wednesday, February 11th. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $5.00 for the year, up from their prior forecast of $4.87. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

Other analysts have also issued reports about the stock. TD Securities increased their price target on shares of OceanaGold from C$38.00 to C$56.00 in a research report on Thursday, January 22nd. Jefferies Financial Group increased their target price on OceanaGold from C$45.00 to C$53.00 in a report on Monday, January 19th. Canadian Imperial Bank of Commerce boosted their price target on OceanaGold from C$50.00 to C$66.00 in a report on Wednesday, February 4th. Finally, Desjardins set a C$50.00 price objective on OceanaGold and gave the company a “buy” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$44.58.

OceanaGold Trading Up 6.4%

TSE:OGC opened at C$52.75 on Friday. The company has a market capitalization of C$12.05 billion, a P/E ratio of 30.85 and a beta of 1.94. The firm has a 50-day moving average price of C$43.65 and a two-hundred day moving average price of C$34.11. OceanaGold has a twelve month low of C$10.86 and a twelve month high of C$54.02.

OceanaGold (TSE:OGC) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.40 EPS for the quarter. The business had revenue of C$624.50 million for the quarter. OceanaGold had a net margin of 5.86% and a return on equity of 3.82%.

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.