FY2026 Earnings Forecast for OceanaGold Issued By Scotiabank

Key Points

• Scotiabank raised its FY2026 EPS estimate for OceanaGold to $5.02 (from $4.97), while the consensus estimate for the current full year remains $0.63 per share.
• OceanaGold's board authorized a $350 million share buyback (up to 2.9% of shares), a move that often signals management views the stock as undervalued.
• Several brokers have boosted price targets and five analysts rate the stock a Buy, with an average target of C$56.11; the shares trade around C$40.61 with a market cap of roughly C$9.14 billion.

OceanaGold Co. (TSE:OGC - Free Report) - Stock analysts at Scotiabank raised their FY2026 EPS estimates for shares of OceanaGold in a note issued to investors on Friday, May 1st. Scotiabank analyst O. Habib now expects that the company will post earnings of $5.02 per share for the year, up from their previous estimate of $4.97. 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 business had revenue of C$870.81 million for the quarter. OceanaGold had a net margin of 33.30% and a return on equity of 30.82%.

A number of other equities analysts have also commented on the stock. Canadian Imperial Bank of Commerce boosted their price objective on shares of OceanaGold from C$66.00 to C$72.00 in a report on Thursday, February 26th. TD Securities boosted their price objective on shares of OceanaGold from C$38.00 to C$56.00 in a report on Thursday, January 22nd. Desjardins boosted their price objective 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. Royal Bank Of Canada boosted their price objective on shares of OceanaGold from C$52.00 to C$78.00 in a report on Thursday, March 12th. Finally, Jefferies Financial Group boosted their price objective on shares of OceanaGold from C$45.00 to C$53.00 in a report on Monday, January 19th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$56.11.

OceanaGold Price Performance

Shares of OGC stock opened at C$40.61 on Tuesday. OceanaGold has a 12 month low of C$14.01 and a 12 month high of C$59.20. The firm has a market capitalization of C$9.14 billion, a P/E ratio of 15.10 and a beta of 2.54. The company's fifty day moving average price is C$47.35 and its two-hundred day moving average price is C$42.43.

OceanaGold announced that its board has authorized a stock buyback program on Wednesday, February 18th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

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.

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