OceanaGold Co. (TSE:OGC – Free Report) – Equities researchers at National Bank Financial upped their FY2024 earnings estimates for shares of OceanaGold in a research note issued on Wednesday, May 1st. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $0.31 per share for the year, up from their previous estimate of $0.16. National Bank Financial has a “Outperform Overweight” rating on the stock. The consensus estimate for OceanaGold’s current full-year earnings is $0.32 per share. National Bank Financial also issued estimates for OceanaGold’s FY2025 earnings at $0.58 EPS.
OceanaGold (TSE:OGC – Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). OceanaGold had a return on equity of 2.29% and a net margin of 3.69%. The firm had revenue of C$363.94 million for the quarter.
Check Out Our Latest Stock Report on OGC
OceanaGold Trading Up 3.4 %
Shares of OGC stock opened at C$3.05 on Monday. The stock’s 50 day simple moving average is C$2.92. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$3.50. The firm has a market cap of C$2.17 billion, a P/E ratio of 43.57 and a beta of 1.61.
OceanaGold Dividend Announcement
The company also recently announced a Semi-Annual dividend, which was paid on Friday, April 26th. Investors of record on Thursday, March 7th were given a dividend of $0.013 per share. The ex-dividend date of this dividend was Wednesday, March 6th. OceanaGold’s dividend payout ratio (DPR) is currently 42.86%.
Insiders Place Their Bets
In related news, Director Paul Benson acquired 44,400 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of C$2.25 per share, with a total value of C$99,678.00. 0.14% of the stock is 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.
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