Scotiabank Forecasts Oceanagold's FY2026 Earnings (NYSE:OGC)

Key Points

• Scotiabank raised Oceanagold’s FY2026 EPS forecast to $4.57 from $4.38 and maintained a “Strong-Buy” rating; its FY2027 estimate is $4.27 per share, above the current-year consensus of $4.16.
• Oceanagold recently exceeded quarterly earnings expectations, reporting $0.98 EPS versus $0.93 expected on revenue of $647.3 million, with a 35.14% net margin and 36.44% return on equity.
• The company declared a quarterly dividend of $0.09 per share, equivalent to $0.36 annually and a 1.2% yield; institutional investors also initiated several new positions during the second quarter.

Oceanagold Corp. (NYSE:OGC - Free Report) - Research analysts at Scotiabank boosted their FY2026 EPS estimates for shares of Oceanagold in a research report issued on Wednesday, August 19th. Scotiabank analyst O. Habib now expects that the company will earn $4.57 per share for the year, up from their previous forecast of $4.38. Scotiabank has a "Strong-Buy" rating on the stock. The consensus estimate for Oceanagold's current full-year earnings is $4.16 per share. Scotiabank also issued estimates for Oceanagold's FY2027 earnings at $4.27 EPS.

Several other equities analysts have also issued reports on the stock. Zacks Research lowered shares of Oceanagold from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 7th. Wall Street Zen lowered Oceanagold from a "strong-buy" rating to a "buy" rating in a report on Saturday. Weiss Ratings cut Oceanagold from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, June 8th. Finally, Jefferies Financial Group raised Oceanagold to a "strong-buy" rating in a research report on Tuesday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Oceanagold has an average rating of "Buy".

Oceanagold Stock Performance

Shares of OGC opened at $31.03 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.24. The stock has a 50 day simple moving average of $25.85. Oceanagold has a fifty-two week low of $16.50 and a fifty-two week high of $43.33. The stock has a market cap of $6.90 billion and a PE ratio of 15.59.

Oceanagold (NYSE:OGC - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. Oceanagold had a net margin of 35.14% and a return on equity of 36.44%. The business had revenue of $647.30 million for the quarter.

Institutional Trading of Oceanagold

Institutional investors have recently modified their holdings of the company. TD Waterhouse Canada Inc. purchased a new position in shares of Oceanagold in the 2nd quarter worth approximately $584,000. Nykredit A S purchased a new stake in Oceanagold during the second quarter valued at approximately $125,000. Bank of New York Mellon Corp purchased a new stake in Oceanagold during the second quarter valued at approximately $1,701,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Oceanagold in the second quarter valued at approximately $14,465,000.

Oceanagold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 19th. Oceanagold's dividend payout ratio is presently 18.09%.

Oceanagold Company Profile

OceanaGold Corporation is a gold and copper mining company that explores for, develops, and operates precious metals projects. The company's portfolio includes producing mines and development assets, with a focus on the extraction and processing of gold and copper from its owned and operated operations.

Founded in 1989, OceanaGold has built a business centered on long-life mineral assets and responsible mining practices. Its operations have historically been located in the Asia-Pacific region, including New Zealand, the Philippines, and the United States, giving it exposure to several established mining jurisdictions.

The company is headquartered in Vancouver, Canada.

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