FY2026 Earnings Estimate for Oceanagold Issued By Scotiabank

Oceanagold Corp. (NYSE:OGC) – Scotiabank increased their FY2026 EPS estimates for Oceanagold in a research note issued to investors on Wednesday, August 19th. Scotiabank analyst O. Habib now expects that the company will post earnings of $4.57 per share 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 earnings results 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. Oceanagold had a net margin of 35.14% and a return on equity of 36.44%. The company had revenue of $647.30 million for the quarter.

Several other equities research analysts have also weighed in on OGC. Wall Street Zen lowered shares of Oceanagold from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings downgraded Oceanagold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Zacks Research lowered Oceanagold from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Finally, Jefferies Financial Group upgraded Oceanagold to a “strong-buy” rating in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oceanagold presently has a consensus rating of “Buy”.

Oceanagold Stock Performance

NYSE OGC opened at $31.33 on Monday. Oceanagold has a one year low of $16.85 and a one year high of $43.33. The firm has a 50-day simple moving average of $25.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.24. The firm has a market cap of $6.97 billion and a price-to-earnings ratio of 15.74.

Institutional Trading of Oceanagold

A number of large investors have recently modified their holdings of the company. Nykredit A S bought a new stake in Oceanagold in the 2nd quarter valued at about $125,000. TD Waterhouse Canada Inc. acquired a new position in Oceanagold during the 2nd quarter valued at about $584,000. Bank of New York Mellon Corp bought a new position in Oceanagold in the 2nd quarter worth about $1,701,000. Public Employees Retirement System of Ohio bought a new position in Oceanagold in the 2nd quarter worth about $14,465,000. Finally, Groupe la Francaise acquired a new stake in shares of Oceanagold in the second quarter valued at approximately $19,560,000.

Oceanagold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.36 annualized dividend and a dividend yield of 1.1%. Oceanagold’s payout ratio is 18.09%.

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.