FY2026 Earnings Forecast for OceanaGold Issued By Scotiabank

Key Points

• Scotiabank cut its FY2026 EPS estimate for OceanaGold to $4.97 from $5.01, while the consensus estimate for the current full year is $0.63 per share.
• OceanaGold last reported quarterly results of C$1.21 EPS on C$870.81 million in revenue, with a 30.82% return on equity and a 33.30% net margin.
• The board approved a C$350 million share buyback (up to 2.9% of outstanding shares), and analysts collectively maintain a consensus "Buy" rating with an average target price of C$56.11 after multiple target increases.

OceanaGold Co. (TSE:OGC - Free Report) - Equities research analysts at Scotiabank cut their FY2026 earnings estimates for OceanaGold in a report released on Thursday, April 23rd. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $4.97 for the year, down from their previous forecast of $5.01. The consensus estimate for OceanaGold's current full-year earnings is $0.63 per share.

OceanaGold (TSE:OGC - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported C$1.21 earnings per share for the quarter. The company had revenue of C$870.81 million during the quarter. OceanaGold had a return on equity of 30.82% and a net margin of 33.30%.

A number of other equities research analysts also recently weighed in on the company. Canadian Imperial Bank of Commerce raised their price objective on OceanaGold from C$66.00 to C$72.00 in a research report on Thursday, February 26th. TD Securities boosted their target price on shares of OceanaGold from C$38.00 to C$56.00 in a report on Thursday, January 22nd. Desjardins raised their price target on shares of OceanaGold from C$63.00 to C$65.00 and gave the stock a "buy" rating in a report on Friday, February 20th. Jefferies Financial Group raised their target price on OceanaGold from C$45.00 to C$53.00 in a research note on Monday, January 19th. Finally, TD lifted their price target on OceanaGold from C$55.00 to C$56.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$56.11.

OceanaGold Trading Down 1.9%

Shares of TSE:OGC opened at C$43.96 on Tuesday. The company has a market capitalization of C$9.90 billion, a PE ratio of 16.34 and a beta of 2.46. OceanaGold has a 12-month low of C$13.86 and a 12-month high of C$59.20. The business's fifty day simple moving average is C$47.93 and its 200-day simple moving average is C$42.25.

OceanaGold announced that its Board of Directors has initiated a share buyback program on Wednesday, February 18th that permits the company to repurchase $350.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

OceanaGold Company Profile

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.

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