Scotiabank Predicts Oceanagold’s FY2026 Earnings (NYSE:OGC)

Oceanagold Corp. (NYSE:OGC) – Scotiabank increased their FY2026 earnings per share (EPS) estimates for Oceanagold in a note issued to investors on Wednesday, August 19th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $4.57 for the year, up from their previous forecast of $4.38. Scotiabank has a “Strong-Buy” rating on the stock. The consensus estimate for Oceanagold’s current full-year earnings is $4.16 per share. Scotiabank also issued estimates for Oceanagold’s FY2027 earnings at $4.27 EPS.

Oceanagold (NYSE:OGC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $647.30 million during the quarter. Oceanagold had a net margin of 35.14% and a return on equity of 36.44%.

OGC has been the subject of a number of other research reports. Wall Street Zen lowered shares of Oceanagold from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group raised Oceanagold to a “strong-buy” rating in a research report on Tuesday, June 9th. Weiss Ratings lowered Oceanagold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Finally, Zacks Research lowered shares of Oceanagold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Oceanagold presently has an average rating of “Buy”.

Oceanagold Trading Up 0.7%

NYSE:OGC opened at $31.22 on Monday. The firm has a market cap of $6.94 billion and a price-to-earnings ratio of 15.69. Oceanagold has a 1 year low of $16.85 and a 1 year high of $43.33. The company has a quick ratio of 1.24, a current ratio of 1.63 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $25.92.

Oceanagold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Wednesday, August 19th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, August 19th. Oceanagold’s payout ratio is currently 18.09%.

Institutional Trading of Oceanagold

A number of hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Oceanagold during the 2nd quarter worth approximately $14,465,000. Bank of New York Mellon Corp bought a new stake in Oceanagold in the second quarter valued at about $1,701,000. TD Waterhouse Canada Inc. bought a new stake in Oceanagold in the second quarter valued at about $584,000. Finally, Nykredit A S acquired a new position in Oceanagold in the second quarter worth about $125,000.

Oceanagold Company Profile

OceanaGold Corporation is a gold and copper mining company that explores for, develops, and operates precious metals projects. The company’s portfolio includes producing mines and development assets, with a focus on the extraction and processing of gold and copper from its owned and operated operations.

Founded in 1989, OceanaGold has built a business centered on long-life mineral assets and responsible mining practices. Its operations have historically been located in the Asia-Pacific region, including New Zealand, the Philippines, and the United States, giving it exposure to several established mining jurisdictions.

The company is headquartered in Vancouver, Canada.