National Bank Financial Estimates OceanaGold Q3 Earnings

OceanaGold Co. (TSE:OGC) – Investment analysts at National Bank Financial issued their Q3 2024 earnings estimates for shares of OceanaGold in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin anticipates that the company will post earnings per share of $0.11 for the quarter. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. National Bank Financial also issued estimates for OceanaGold’s FY2025 earnings at $0.72 EPS.

OceanaGold (TSE:OGC) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.05. The firm had revenue of C$343.70 million for the quarter. OceanaGold had a net margin of 0.10% and a return on equity of 0.24%.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity Group upped their target price on OceanaGold from C$4.50 to C$5.50 and gave the company a “strong-buy” rating in a research report on Tuesday, July 23rd. National Bankshares dropped their price objective on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Wednesday. Jefferies Financial Group raised their target price on shares of OceanaGold from C$4.00 to C$5.00 in a report on Friday, July 12th. Scotiabank upped their price target on shares of OceanaGold from C$4.25 to C$4.75 in a report on Monday, August 19th. Finally, Royal Bank of Canada lifted their price objective on OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$4.88.

OceanaGold Stock Performance

OceanaGold stock opened at C$4.16 on Thursday. The business’s 50-day simple moving average is C$3.70 and its two-hundred day simple moving average is C$3.41. The company has a market cap of C$2.96 billion, a PE ratio of 416.00 and a beta of 1.62. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$4.41.

OceanaGold Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, August 29th were given a dividend of $0.014 per share. The ex-dividend date of this dividend was Thursday, August 29th. This is a boost from OceanaGold’s previous Semi-Annual dividend of $0.01. OceanaGold’s dividend payout ratio (DPR) is 300.00%.

About OceanaGold

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.