FY2027 Earnings Forecast for OceanaGold Issued By Scotiabank

OceanaGold Co. (TSE:OGC) – Stock analysts at Scotiabank boosted their FY2027 EPS estimates for shares of OceanaGold in a research note issued on Thursday, February 26th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $5.01 for the year, up from their prior estimate of $5.00. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

OceanaGold (TSE:OGC) last announced its earnings results on Wednesday, February 18th. The company reported C$1.21 EPS for the quarter. The business had revenue of C$870.81 million during the quarter. OceanaGold had a return on equity of 3.82% and a net margin of 5.86%.

OGC has been the subject of a number of other research reports. Jefferies Financial Group upped their target price on shares of 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 shares of OceanaGold from C$66.00 to C$72.00 in a research report on Thursday. Desjardins increased their price objective on shares of OceanaGold from C$63.00 to C$65.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, 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. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$50.63.

OceanaGold Stock Performance

TSE OGC opened at C$58.01 on Monday. The business has a fifty day moving average price of C$47.04 and a 200 day moving average price of C$36.72. The company has a market cap of C$13.25 billion, a P/E ratio of 33.92 and a beta of 1.94. OceanaGold has a one year low of C$10.86 and a one year high of C$58.36.

OceanaGold announced that its board has authorized a stock repurchase plan on Wednesday, February 18th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is 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.