Q1 2024 EPS Estimates for OceanaGold Co. Decreased by Analyst (TSE:OGC)

OceanaGold Co. (TSE:OGC) – Cormark decreased their Q1 2024 earnings per share (EPS) estimates for shares of OceanaGold in a research note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the company will earn $0.04 per share for the quarter, down from their prior forecast of $0.10. The consensus estimate for OceanaGold’s current full-year earnings is $0.30 per share.

Several other research firms also recently commented on OGC. BMO Capital Markets reduced their price objective on OceanaGold from C$4.25 to C$3.75 in a research note on Thursday, February 22nd. National Bankshares reduced their price objective on OceanaGold from C$4.00 to C$3.75 in a research note on Friday, February 23rd. Raymond James increased their target price on OceanaGold from C$4.50 to C$5.00 in a research note on Tuesday. CIBC increased their target price on OceanaGold from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Desjardins increased their target price on OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, OceanaGold has a consensus rating of “Buy” and a consensus target price of C$4.08.

OceanaGold Trading Up 1.3 %

OGC opened at C$3.05 on Wednesday. The firm’s 50 day moving average is C$2.85. The stock has a market cap of C$2.16 billion, a P/E ratio of 19.06 and a beta of 1.50. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$3.50.

OceanaGold (TSE:OGC) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 EPS for the quarter, missing the consensus estimate 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%.

OceanaGold Announces Dividend

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

Insider Activity at OceanaGold

In other news, Director Paul Benson acquired 44,400 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average cost of C$2.25 per share, with a total value of C$99,678.00. 0.14% of the stock is currently owned by company 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.