Scotiabank Has Weak Estimate for OceanaGold FY2027 Earnings

OceanaGold Co. (TSE:OGC) – Stock analysts at Scotiabank reduced their FY2027 earnings per share (EPS) estimates for OceanaGold in a report issued on Wednesday, July 15th. Scotiabank analyst O. Habib now anticipates that the company will post earnings of $6.10 per share for the year, down from their prior forecast of $6.27. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

OceanaGold (TSE:OGC) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$1.40 earnings per share (EPS) for the quarter. The company had revenue of C$993.37 million during the quarter. OceanaGold had a return on equity of 34.87% and a net margin of 33.78%.

Separately, TD upped their target price on OceanaGold from C$55.00 to C$56.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$60.12.

OceanaGold Stock Performance

Shares of OGC stock opened at C$31.42 on Monday. The stock’s 50 day simple moving average is C$38.03 and its 200 day simple moving average is C$43.74. OceanaGold has a twelve month low of C$18.52 and a twelve month high of C$59.20. The company has a market capitalization of C$7.03 billion, a price-to-earnings ratio of 9.58 and a beta of 2.71.

Insider Buying and Selling

In related news, insider Brian Douglas Martin sold 30,000 shares of OceanaGold stock in a transaction on Thursday, May 28th. The shares were sold at an average price of C$40.47, for a total value of C$1,214,100.00. Following the transaction, the insider owned 19,363 shares in the company, valued at C$783,620.61. This trade represents a 60.77% decrease in their position. 0.15% of the stock is owned by company insiders.

OceanaGold Company Profile

OceanaGold is a global 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 wholly-owned Haile Gold Mine in the United States of America ; the wholly-owned Macraes and Waihi operations in New Zealand ; and the 80%-owned Didipio Mine in the Philippines.