Cormark Has Bearish Estimate for OceanaGold Q3 Earnings

OceanaGold Co. (TSE:OGC - Free Report) - Research analysts at Cormark reduced their Q3 2025 earnings estimates for OceanaGold in a research note issued to investors on Tuesday, June 24th. Cormark analyst R. Gray now forecasts that the company will earn $0.69 per share for the quarter, down from their previous forecast of $0.72. The consensus estimate for OceanaGold's current full-year earnings is $0.63 per share. Cormark also issued estimates for OceanaGold's Q4 2025 earnings at $0.83 EPS and FY2025 earnings at $2.65 EPS.

A number of other analysts also recently issued reports on the company. National Bank Financial raised OceanaGold to a "strong-buy" rating in a research report on Friday, March 21st. TD Securities cut shares of OceanaGold from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 27th. Royal Bank Of Canada upped their price target on shares of OceanaGold from C$21.00 to C$24.00 in a research report on Tuesday, June 3rd. Raymond James Financial increased their price target on shares of OceanaGold from C$6.50 to C$24.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Scotiabank increased their price target on shares of OceanaGold from C$6.50 to C$20.50 and gave the company an "outperform" rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, OceanaGold has an average rating of "Buy" and an average target price of C$18.61.

OceanaGold Stock Performance

OceanaGold stock traded down C$1.00 during mid-day trading on Thursday, reaching C$18.68. The company's stock had a trading volume of 762,910 shares, compared to its average volume of 747,612. OceanaGold has a 12 month low of C$8.94 and a 12 month high of C$21.21. The business's 50 day simple moving average is C$17.74 and its 200 day simple moving average is C$14.50. The company has a market capitalization of C$9.28 billion, a price-to-earnings ratio of 151.49 and a beta of 1.62.

Insider Buying and Selling at OceanaGold

In related news, Director Ian Macnevin Reid acquired 8,666 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were bought at an average cost of C$16.89 per share, with a total value of C$146,368.74. Corporate insiders own 0.15% of the company's stock.

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.