Scotiabank Analysts Reduce Earnings Estimates for OceanaGold

Key Points

• Scotiabank lowered its FY2026 EPS estimate for OceanaGold to $6.17 from $6.59 and forecasts FY2027 EPS of $5.93.
• OceanaGold reported quarterly EPS of C$1.39 on revenue of C$919.67 million, with a 34.87% return on equity and 33.78% net margin.
• Analyst sentiment remains positive: four analysts rate the stock “Buy,” with a consensus price target of C$60.12; TD recently raised its target to C$56.00.

OceanaGold Co. (TSE:OGC - Free Report) - Investment analysts at Scotiabank lowered their FY2026 EPS estimates for OceanaGold in a research note issued on Tuesday, August 4th. Scotiabank analyst O. Habib now forecasts that the company will earn $6.17 per share for the year, down from their previous forecast of $6.59. The consensus estimate for OceanaGold's current full-year earnings is $0.63 per share. Scotiabank also issued estimates for OceanaGold's FY2027 earnings at $5.93 EPS.

OceanaGold (TSE:OGC - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$1.39 earnings per share for the quarter. The company had revenue of C$919.67 million for the quarter. OceanaGold had a return on equity of 34.87% and a net margin of 33.78%.

Separately, TD boosted their target price on shares of OceanaGold from C$55.00 to C$56.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$60.12.

OceanaGold Price Performance

Shares of TSE:OGC opened at C$37.67 on Thursday. The business's fifty day moving average price is C$35.73 and its two-hundred day moving average price is C$43.06. OceanaGold has a fifty-two week low of C$19.36 and a fifty-two week high of C$59.20. The stock has a market capitalization of C$8.38 billion, a price-to-earnings ratio of 11.48 and a beta of 2.70.

Insider Transactions at OceanaGold

In other OceanaGold news, insider Brian Douglas Martin sold 30,000 shares of the business's stock in a transaction on Thursday, May 28th. The stock was sold at an average price of C$40.47, for a total value of C$1,214,100.00. Following the transaction, the insider owned 19,363 shares of the company's stock, valued at approximately C$783,620.61. The trade was a 60.77% decrease in their ownership of the stock. Insiders own 0.15% of the company's stock.

About OceanaGold

OceanaGold is a global 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 wholly-owned Haile Gold Mine in the United States of America ; the wholly-owned Macraes and Waihi operations in New Zealand ; and the 80%-owned Didipio Mine in the Philippines.

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