What is Cormark's Forecast for OceanaGold FY2025 Earnings?

Key Points

• Cormark has revised OceanaGold's FY2025 earnings per share (EPS) estimates down from $2.65 to $2.58, while the consensus estimate for the current full year is $0.63 per share.
• Multiple research firms, including Scotiabank and Royal Bank of Canada, have raised their price targets on OceanaGold, with the average target now at C$20.58.
• OceanaGold's stock has demonstrated significant performance, trading between a one-year low of C$9.63 and a high of C$22.87, with a current market capitalization of C$11.21 billion.

OceanaGold Co. (TSE:OGC - Free Report) - Investment analysts at Cormark lowered their FY2025 earnings per share estimates for OceanaGold in a research report issued to clients and investors on Friday, August 8th. Cormark analyst R. Gray now forecasts that the company will post earnings of $2.58 per share for the year, down from their previous forecast of $2.65. 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 $0.79 EPS and FY2026 earnings at $3.74 EPS.

Several other brokerages have also issued reports on OGC. Scotiabank boosted their target price on OceanaGold from C$6.50 to C$20.50 and gave the company an "outperform" rating in a research note on Tuesday, June 24th. Raymond James Financial upgraded OceanaGold to a "moderate buy" rating in a research note on Monday, June 30th. Finally, Royal Bank Of Canada boosted their price objective on OceanaGold from C$25.00 to C$28.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, OceanaGold has an average rating of "Buy" and a consensus target price of C$20.58.

OceanaGold Price Performance

Shares of OGC traded up C$0.11 during mid-day trading on Monday, hitting C$22.97. The stock had a trading volume of 863,916 shares, compared to its average volume of 764,477. The firm has a market cap of C$11.41 billion, a P/E ratio of 186.28 and a beta of 1.62. The business has a fifty day moving average price of C$19.80 and a 200-day moving average price of C$16.22. OceanaGold has a 52 week low of C$9.99 and a 52 week high of C$23.34.

Insider Activity at OceanaGold

In related news, Director Ian Macnevin Reid purchased 8,666 shares of OceanaGold stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average cost of C$16.89 per share, for a total transaction of C$146,368.74. Company insiders own 0.15% of the company's stock.

About OceanaGold

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.