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Cormark Issues Pessimistic Outlook for OceanaGold Earnings

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OceanaGold Co. (TSE:OGC - Free Report) - Equities researchers at Cormark cut their Q3 2025 earnings per share (EPS) estimates for OceanaGold in a report issued on Tuesday, June 24th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.69 per share for the quarter, down from their prior 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 equities analysts have also weighed in on OGC. National Bank Financial raised OceanaGold to a "strong-buy" rating in a research note on Friday, March 21st. Royal Bank Of Canada boosted their price objective on OceanaGold from C$21.00 to C$24.00 in a research note on Tuesday, June 3rd. Scotiabank boosted their price objective on OceanaGold from C$6.50 to C$20.50 and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. Finally, Raymond James Financial boosted their price objective on OceanaGold from C$6.50 to C$24.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$18.61.

Check Out Our Latest Report on OceanaGold

OceanaGold Stock Performance

Shares of TSE:OGC traded down C$1.00 during trading on Thursday, reaching C$18.68. The stock had a trading volume of 762,910 shares, compared to its average volume of 747,612. The business has a fifty day moving average price of C$17.74 and a 200-day moving average price of C$14.52. The stock has a market cap of C$9.28 billion, a PE ratio of 151.49 and a beta of 1.62. OceanaGold has a 1-year low of C$8.94 and a 1-year high of C$21.21.

Insiders Place Their Bets

In other OceanaGold news, Director Ian Macnevin Reid bought 8,666 shares of OceanaGold stock in a transaction on Thursday, May 15th. The shares were bought at an average price of C$16.89 per share, for a total transaction of C$146,368.74. 0.15% of the stock is currently owned by corporate insiders.

About OceanaGold

(Get Free Report)

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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Earnings History and Estimates for OceanaGold (TSE:OGC)

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