FY2026 Earnings Forecast for OceanaGold Issued By Scotiabank

OceanaGold Co. (TSE:OGC - Free Report) - Equities researchers at Scotiabank increased their FY2026 earnings estimates for 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 estimate of $1.38. Scotiabank has a "Outperform" rating and a $20.50 price target on the stock. The consensus estimate for OceanaGold's current full-year earnings is $0.63 per share.

A number of other research firms also recently issued reports on OGC. Royal Bank Of Canada boosted their price target on OceanaGold from C$21.00 to C$24.00 in a research report on Tuesday, June 3rd. Raymond James Financial upgraded OceanaGold to a "moderate buy" rating in a report on Monday. Finally, National Bank Financial upgraded shares of OceanaGold to a "strong-buy" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, OceanaGold presently has an average rating of "Buy" and a consensus target price of C$18.61.

OceanaGold Stock Up 0.7%

Shares of OGC stock traded up C$0.13 on Monday, reaching C$19.31. 467,295 shares of the stock were exchanged, compared to its average volume of 744,268. The stock has a market cap of C$9.59 billion, a P/E ratio of 156.60 and a beta of 1.62. The firm has a 50 day moving average of C$17.96 and a two-hundred day moving average of C$14.64. 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 news, Director Ian Macnevin Reid acquired 8,666 shares of the business's stock in a transaction on Thursday, May 15th. The shares were purchased at an average price of C$16.89 per share, for a total transaction of C$146,368.74. 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.