Equities Analysts Offer Predictions for OceanaGold Co.’s Q4 2024 Earnings (TSE:OGC)

OceanaGold Co. (TSE:OGCFree Report) – Research analysts at Raymond James raised their Q4 2024 EPS estimates for OceanaGold in a note issued to investors on Tuesday, March 19th. Raymond James analyst F. Hamed now forecasts that the company will post earnings of $0.09 per share for the quarter, up from their prior forecast of $0.08. Raymond James currently has a “Outperform” rating and a $4.00 target price on the stock. The consensus estimate for OceanaGold’s current full-year earnings is $0.30 per share.

OceanaGold (TSE:OGCGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). The company had revenue of C$363.94 million for the quarter. OceanaGold had a net margin of 8.10% and a return on equity of 4.88%.

Several other brokerages have also recently commented on OGC. Desjardins raised their target price on shares of OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. National Bank Financial reissued an “outperform overweight” rating on shares of OceanaGold in a research report on Wednesday, January 3rd. CIBC increased their price target on shares of OceanaGold from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Jefferies Financial Group set a C$3.50 price target on shares of OceanaGold and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, Cormark reduced their price target on shares of OceanaGold from C$3.25 to C$3.00 in a research report on Monday, February 26th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$3.88.

View Our Latest Research Report on OGC

OceanaGold Price Performance

OGC traded down C$0.02 on Friday, reaching C$2.81. The company had a trading volume of 241,402 shares, compared to its average volume of 1,210,444. The firm has a fifty day moving average of C$2.64. The stock has a market cap of C$1.99 billion, a P/E ratio of 17.69 and a beta of 1.50. OceanaGold has a one year low of C$2.08 and a one year high of C$3.50.

Insiders Place Their Bets

In related news, Director Paul Benson bought 44,400 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of C$2.25 per share, for a total transaction of C$99,678.00. Corporate insiders own 0.14% of the company’s stock.

OceanaGold Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, March 7th will be paid a dividend of $0.013 per share. The ex-dividend date is Wednesday, March 6th. OceanaGold’s dividend payout ratio is currently 18.75%.

OceanaGold Company Profile

(Get Free Report)

OceanaGold Corporation, a gold producer, engages in exploration, development, and operation of mineral properties. It explores for gold, copper, and silver deposits. The company holds interest in the Didipio gold and copper project located in the Luzon, Philippines; the Macraes goldfield project in the South Island of New Zealand; Waihi gold project in the North Island of New Zealand; and the Haile gold project located in Kershaw, South Carolina, the United States.

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Earnings History and Estimates for OceanaGold (TSE:OGC)

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