Scotiabank Forecasts OceanaGold's FY2026 Earnings (TSE:OGC)

Key Points

• Scotiabank raised its FY2026 EPS estimate for OceanaGold to $5.01 (from $4.98) and models FY2027 EPS at $4.56, notably above the consensus current full-year estimate of $0.63 per share.
• Multiple analysts have lifted price targets and ratings—OceanaGold carries an average "Buy" rating with an average price target of C$56.11 following upgrades from Jefferies, RBC, TD and CIBC.
• OceanaGold reported C$1.21 EPS for the quarter with a 33.3% net margin and C$870.8M revenue, and its board authorized a $350 million share repurchase program (up to 2.9% of outstanding shares).

OceanaGold Co. (TSE:OGC - Free Report) - Scotiabank raised their FY2026 EPS estimates for OceanaGold in a report issued on Friday, April 17th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $5.01 for the year, up from their prior estimate of $4.98. 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 $4.56 EPS.

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

Other equities analysts have also issued reports about the stock. Jefferies Financial Group raised their price target on shares of OceanaGold from C$45.00 to C$53.00 in a research report on Monday, January 19th. Royal Bank Of Canada increased their price objective on shares of OceanaGold from C$52.00 to C$78.00 in a research note on Thursday, March 12th. TD Securities increased their price objective on shares of OceanaGold from C$38.00 to C$56.00 in a research note on Thursday, January 22nd. TD increased their price objective on shares of OceanaGold from C$55.00 to C$56.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of OceanaGold from C$66.00 to C$72.00 in a research note on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of C$56.11.

OceanaGold Stock Performance

TSE:OGC opened at C$45.39 on Wednesday. OceanaGold has a 52 week low of C$13.86 and a 52 week high of C$59.20. The firm has a market cap of C$10.22 billion, a price-to-earnings ratio of 16.87 and a beta of 2.46. The firm's 50-day simple moving average is C$48.49 and its 200 day simple moving average is C$41.90.

OceanaGold announced that its board has authorized a share repurchase plan on Wednesday, February 18th that authorizes the company to repurchase $350.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.