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

Oceanagold Corp. (NYSE:OGC) – Analysts at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for Oceanagold in a research note issued on Tuesday, August 4th. Scotiabank analyst O. Habib now forecasts that the company will earn $4.38 per share for the year, down from their prior estimate of $4.69. Scotiabank currently has a “Strong-Buy” rating on the stock. Scotiabank also issued estimates for Oceanagold’s FY2027 earnings at $4.21 EPS.

Oceanagold (NYSE:OGC) last posted 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.

Several other equities analysts have also commented on the stock. Zacks Research lowered shares of Oceanagold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Jefferies Financial Group raised shares of Oceanagold to a “strong-buy” rating in a report on Tuesday, June 9th. Finally, Weiss Ratings downgraded shares of Oceanagold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Oceanagold presently has a consensus rating of “Buy”.

Oceanagold Stock Up 7.8%

Shares of NYSE:OGC opened at $26.93 on Thursday. The company’s 50-day simple moving average is $25.44. Oceanagold has a 1 year low of $14.19 and a 1 year high of $43.33. The firm has a market cap of $5.99 billion and a price-to-earnings ratio of 26.66.

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.