Scotiabank Estimates OceanaGold’s FY2027 Earnings (TSE:OGC)

OceanaGold Co. (TSE:OGC) – Scotiabank upped their FY2027 earnings per share (EPS) estimates for OceanaGold in a note issued to investors on Thursday, May 14th. Scotiabank analyst O. Habib now expects that the company will post earnings of $4.57 per share for the year, up from their prior forecast of $4.56. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

Several other research firms also recently weighed in on OGC. TD Securities lifted their target price on OceanaGold from C$38.00 to C$56.00 in a research report on Thursday, January 22nd. Royal Bank Of Canada raised their price objective on shares of OceanaGold from C$52.00 to C$78.00 in a research note on Thursday, March 12th. Jefferies Financial Group lifted their price objective on shares of OceanaGold from C$45.00 to C$53.00 in a report on Monday, January 19th. Canadian Imperial Bank of Commerce increased their target price on shares of OceanaGold from C$66.00 to C$72.00 in a report on Thursday, February 26th. Finally, TD raised their price target on shares of OceanaGold from C$55.00 to C$56.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, OceanaGold has a consensus rating of “Buy” and an average price target of C$56.11.

OceanaGold Trading Down 2.4%

OGC opened at C$45.91 on Friday. The stock’s 50-day moving average price is C$45.33 and its 200 day moving average price is C$43.02. OceanaGold has a 12-month low of C$16.53 and a 12-month high of C$59.20. The firm has a market cap of C$10.27 billion, a price-to-earnings ratio of 14.00 and a beta of 2.54.

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

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

About OceanaGold

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.