Scotiabank Analysts Reduce Earnings Estimates for OceanaGold

OceanaGold Co. (TSE:OGC) – Analysts at Scotiabank cut their FY2026 earnings estimates for shares of OceanaGold in a note issued to investors on Tuesday, August 4th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $6.17 per share for the year, down from their previous forecast of $6.59. 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 $5.93 EPS.

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

OceanaGold Stock Up 6.8%

OGC stock opened at C$37.67 on Thursday. The company has a market cap of C$8.38 billion, a P/E ratio of 11.48 and a beta of 2.70. OceanaGold has a twelve month low of C$19.36 and a twelve month high of C$59.20. The business has a fifty day moving average of C$35.73 and a 200-day moving average of C$43.06.

OceanaGold (TSE:OGC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.39 EPS for the quarter. The firm had revenue of C$919.67 million for the quarter. OceanaGold had a return on equity of 34.87% and a net margin of 33.78%.

Insiders Place Their Bets

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