OceanaGold Co. to Post Q1 2024 Earnings of $0.02 Per Share, National Bank Financial Forecasts (TSE:OGC)

OceanaGold Co. (TSE:OGC) – Equities research analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for shares of OceanaGold in a note issued to investors on Thursday, April 18th. National Bank Financial analyst M. Parkin anticipates that the company will post earnings per share of $0.02 for the quarter. National Bank Financial has a “Outperform Overweight” rating on the stock. The consensus estimate for OceanaGold’s current full-year earnings is $0.30 per share. National Bank Financial also issued estimates for OceanaGold’s FY2025 earnings at $0.34 EPS.

Other research analysts have also issued research reports about the company. CIBC increased their price target on OceanaGold from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. BMO Capital Markets dropped their price objective on shares of OceanaGold from C$4.25 to C$3.75 in a research note on Thursday, February 22nd. Desjardins boosted their target price on shares of OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. National Bankshares lowered their target price on shares of OceanaGold from C$4.00 to C$3.75 in a report on Friday, February 23rd. Finally, Jefferies Financial Group boosted their price objective on OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a report on Monday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$4.00.

OceanaGold Stock Performance

Shares of OGC opened at C$3.01 on Monday. OceanaGold has a one year low of C$2.08 and a one year high of C$3.50. The firm has a market cap of C$2.13 billion, a P/E ratio of 18.81 and a beta of 1.50. The company has a 50-day moving average price of C$2.85.

OceanaGold (TSE:OGC) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.02 by C($0.01). OceanaGold had a net margin of 8.10% and a return on equity of 4.88%. The company had revenue of C$363.94 million during the quarter.

OceanaGold Announces Dividend

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

Insider Buying and Selling

In other OceanaGold news, Director Paul Benson acquired 44,400 shares of OceanaGold stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of C$2.25 per share, for a total transaction of C$99,678.00. 0.14% of the stock is currently owned by corporate insiders.

OceanaGold Company Profile

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.