Equities Analysts Offer Predictions for OceanaGold Co.’s Q4 2023 Earnings (TSE:OGC)

OceanaGold Co. (TSE:OGCFree Report) – Equities researchers at Cormark raised their Q4 2023 earnings estimates for shares of OceanaGold in a research note issued to investors on Monday, February 5th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.03 for the quarter, up from their prior estimate of $0.01. The consensus estimate for OceanaGold’s current full-year earnings is $0.36 per share. Cormark also issued estimates for OceanaGold’s Q1 2024 earnings at $0.12 EPS and FY2024 earnings at $0.47 EPS.

OGC has been the topic of a number of other reports. National Bank Financial reaffirmed an “outperform overweight” rating on shares of OceanaGold in a research report on Wednesday, January 3rd. Desjardins upped their target price on OceanaGold from C$3.50 to C$4.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. CIBC increased their price target on OceanaGold from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research note on Wednesday. Raymond James dropped their price target on OceanaGold from C$4.50 to C$4.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 28th. Finally, Scotiabank decreased their price objective on shares of OceanaGold from C$4.25 to C$4.00 and set an “outperform” rating for the company in a research report on Friday, October 27th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, OceanaGold has an average rating of “Buy” and an average price target of C$4.13.

Read Our Latest Report on OceanaGold

OceanaGold Price Performance

TSE:OGC opened at C$2.70 on Thursday. The stock has a market capitalization of C$1.91 billion, a PE ratio of 10.80 and a beta of 1.38. OceanaGold has a 52 week low of C$2.14 and a 52 week high of C$3.50. The company’s 50 day moving average price is C$2.55.

OceanaGold Company Profile

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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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