FY2027 Earnings Estimate for OceanaGold Issued By Scotiabank

OceanaGold Co. (TSE:OGC) – Research analysts at Scotiabank raised their FY2027 earnings per share estimates for OceanaGold in a report released on Thursday, February 26th. Scotiabank analyst O. Habib now anticipates that the company will post earnings of $5.01 per share for the year, up from their prior forecast of $5.00. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

A number of other equities research analysts also recently issued reports on the stock. Jefferies Financial Group boosted their price target on shares of OceanaGold from C$45.00 to C$53.00 in a research note on Monday, January 19th. Canadian Imperial Bank of Commerce lifted their target price on shares of OceanaGold from C$66.00 to C$72.00 in a report on Thursday. TD Securities upped their price target on OceanaGold from C$38.00 to C$56.00 in a research note on Thursday, January 22nd. Finally, Desjardins raised their price target on OceanaGold from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, OceanaGold presently has a consensus rating of “Buy” and a consensus target price of C$50.63.

OceanaGold Price Performance

TSE OGC opened at C$58.01 on Monday. The stock has a market capitalization of C$13.25 billion, a P/E ratio of 33.92 and a beta of 1.94. The firm’s 50-day moving average is C$47.04 and its two-hundred day moving average is C$36.72. OceanaGold has a 12 month low of C$10.86 and a 12 month high of C$58.36.

OceanaGold (TSE:OGC) last released its quarterly earnings results on Wednesday, February 18th. The company reported C$1.21 earnings per share for the quarter. The business had revenue of C$870.81 million during the quarter. OceanaGold had a return on equity of 3.82% and a net margin of 5.86%.

OceanaGold declared that its board has approved a stock buyback program on Wednesday, February 18th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

About OceanaGold

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.