FY2027 Earnings Estimate for OceanaGold Issued By Scotiabank

OceanaGold Co. (TSE:OGC) – Research analysts at Scotiabank lifted their FY2027 earnings estimates for OceanaGold in a note issued to investors on Thursday, February 26th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $5.01 for the year, up from their previous 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 quarterly 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 for the quarter. OceanaGold had a net margin of 33.30% and a return on equity of 30.82%.

OGC has been the subject of several other research reports. Canadian Imperial Bank of Commerce raised their price target on OceanaGold from C$66.00 to C$72.00 in a report on Thursday, February 26th. Desjardins increased 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. TD Securities boosted their price target on shares of OceanaGold from C$38.00 to C$56.00 in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group upped their price target on shares of OceanaGold from C$45.00 to C$53.00 in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, OceanaGold presently has a consensus rating of “Buy” and a consensus price target of C$50.63.

OceanaGold Trading Down 7.6%

Shares of OGC stock opened at C$53.72 on Monday. The stock has a market capitalization of C$12.27 billion, a price-to-earnings ratio of 19.97 and a beta of 1.94. OceanaGold has a 12-month low of C$10.86 and a 12-month high of C$59.20. The stock’s 50-day moving average price is C$47.68 and its 200-day moving average price is C$37.18.

OceanaGold announced that its Board of Directors has initiated a stock buyback program 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 programs are typically an indication that the company’s board of directors believes its shares are 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.