FY2027 Earnings Forecast for OceanaGold Issued By Scotiabank

OceanaGold Co. (TSE:OGC) – Analysts at Scotiabank reduced their FY2027 earnings per share (EPS) estimates for shares of OceanaGold in a research report issued to clients and investors on Wednesday, April 1st. Scotiabank analyst O. Habib now anticipates that the company will earn $4.54 per share for the year, down from their prior forecast of $5.00. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

OceanaGold (TSE:OGC) last released its 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 net margin of 33.30% and a return on equity of 30.82%.

Several other research analysts have also weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of OceanaGold from C$45.00 to C$53.00 in a research note on Monday, January 19th. Royal Bank Of Canada lifted their price target on OceanaGold from C$52.00 to C$78.00 in a report on Thursday, March 12th. TD Securities boosted their price target on OceanaGold from C$38.00 to C$56.00 in a research report on Thursday, January 22nd. Desjardins upped their price objective on OceanaGold from C$63.00 to C$65.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce raised their price objective on OceanaGold from C$66.00 to C$72.00 in a research report on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$56.13.

OceanaGold Price Performance

Shares of OGC stock opened at C$45.63 on Thursday. The stock has a market cap of C$10.27 billion, a P/E ratio of 16.96 and a beta of 2.12. The company has a fifty day moving average price of C$49.31 and a two-hundred day moving average price of C$40.14. OceanaGold has a one year low of C$12.78 and a one year high of C$59.20.

OceanaGold declared that its board has authorized a stock buyback plan on Wednesday, February 18th that authorizes the company to repurchase $350.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

OceanaGold Company Profile

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.