FY2027 Earnings Forecast for OceanaGold Issued By Scotiabank

OceanaGold Co. (TSE:OGC) – Research analysts at Scotiabank lowered their FY2027 earnings per share (EPS) estimates for shares of OceanaGold in a note issued to investors on Wednesday, July 15th. Scotiabank analyst O. Habib now expects that the company will earn $6.10 per share for the year, down from their previous forecast of $6.27. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

Separately, TD raised their price objective on shares of OceanaGold from C$55.00 to C$56.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$60.12.

OceanaGold Price Performance

Shares of OGC stock opened at C$31.42 on Monday. OceanaGold has a 12 month low of C$18.52 and a 12 month high of C$59.20. The firm has a market cap of C$7.03 billion, a PE ratio of 9.58 and a beta of 2.71. The stock has a 50 day moving average of C$38.03 and a 200-day moving average of C$43.74.

OceanaGold (TSE:OGC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$1.40 EPS for the quarter. The company had revenue of C$993.37 million for the quarter. OceanaGold had a return on equity of 34.87% and a net margin of 33.78%.

Insider Activity at OceanaGold

In other news, insider Brian Douglas Martin sold 30,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 19,363 shares of the company’s stock, valued at approximately C$783,620.61. This represents a 60.77% decrease in their ownership of the stock. Corporate insiders own 0.15% of the company’s stock.

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.