OceanaGold FY2024 EPS Cut by National Bank Financial

OceanaGold Co. (TSE:OGC) – Equities researchers at National Bank Financial reduced their FY2024 earnings per share estimates for shares of OceanaGold in a note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $0.43 per share for the year, down from their previous forecast of $0.54. 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.

A number of other research analysts have also recently issued reports on OGC. CIBC decreased their price target on shares of OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. National Bankshares reduced their target price on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Scotiabank boosted their price target on OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. Royal Bank of Canada raised their price objective on OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. Finally, TD Securities upgraded OceanaGold to a “strong-buy” rating in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$5.13.

OceanaGold Stock Up 0.9 %

Shares of OceanaGold stock opened at C$4.59 on Thursday. The company has a 50 day moving average price of C$4.18 and a 200 day moving average price of C$3.92. The firm has a market capitalization of C$3.26 billion, a P/E ratio of 459.00 and a beta of 1.62. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$4.80.

OceanaGold Company Profile

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.