FY2026 Earnings Forecast for OceanaGold Issued By Scotiabank

OceanaGold Co. (TSE:OGC - Free Report) - Analysts at Scotiabank upped their FY2026 earnings per share estimates for shares of OceanaGold in a research report issued on Thursday, June 26th. Scotiabank analyst O. Habib now expects that the company will earn $1.50 per share for the year, up from their previous forecast of $1.38. Scotiabank has a "Outperform" rating and a $20.50 price objective on the stock. The consensus estimate for OceanaGold's current full-year earnings is $0.63 per share.

Other equities research analysts have also issued reports about the stock. National Bank Financial upgraded shares of OceanaGold to a "strong-buy" rating in a report on Friday, March 21st. Raymond James Financial lifted their price target on OceanaGold from C$6.50 to C$24.00 and gave the stock an "outperform" rating in a report on Tuesday, June 24th. Finally, Royal Bank Of Canada increased their price objective on OceanaGold from C$21.00 to C$24.00 in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$18.61.

OceanaGold Stock Performance

Shares of OGC opened at C$18.68 on Monday. OceanaGold has a 1 year low of C$8.94 and a 1 year high of C$21.21. The stock has a market capitalization of C$9.28 billion, a PE ratio of 151.49 and a beta of 1.62. The stock has a 50-day simple moving average of C$17.74 and a 200-day simple moving average of C$14.52.

Insider Activity

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

About OceanaGold

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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