OceanaGold Co. (TSE:OGC - Free Report) - Equities research analysts at Cormark reduced their Q2 2024 EPS estimates for OceanaGold in a research note issued to investors on Monday, April 8th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.07 per share for the quarter, down from their prior estimate of $0.08. The consensus estimate for OceanaGold's current full-year earnings is $0.30 per share. Cormark also issued estimates for OceanaGold's Q3 2024 earnings at $0.07 EPS and Q4 2024 earnings at $0.07 EPS.
OceanaGold (TSE:OGC - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported C$0.01 EPS for the quarter, missing analysts' consensus estimates of C$0.02 by C($0.01). OceanaGold had a return on equity of 4.88% and a net margin of 8.10%. The firm had revenue of C$363.94 million for the quarter.
Other equities analysts also recently issued reports about the stock. CIBC lifted their target price on shares of OceanaGold from C$4.50 to C$5.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 7th. National Bankshares reduced their target price on shares of OceanaGold from C$4.00 to C$3.75 in a research note on Friday, February 23rd. Jefferies Financial Group set a C$3.50 target price on shares of OceanaGold and gave the stock a "buy" rating in a research note on Thursday, February 29th. Raymond James boosted their price target on shares of OceanaGold from C$4.00 to C$4.50 in a research note on Monday. Finally, BMO Capital Markets reduced their price target on shares of OceanaGold from C$4.25 to C$3.75 in a research note on Thursday, February 22nd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, OceanaGold has a consensus rating of "Buy" and an average price target of C$3.94.
View Our Latest Analysis on OceanaGold
OceanaGold Stock Down 4.2 %
OGC stock traded down C$0.14 during trading on Wednesday, reaching C$3.18. 1,646,652 shares of the stock were exchanged, compared to its average volume of 1,386,188. The stock has a 50 day simple moving average of C$2.75. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$3.49. The stock has a market cap of C$2.25 billion, a price-to-earnings ratio of 20.75 and a beta of 1.50.
Insider Buying and Selling
In other news, Director Paul Benson purchased 44,400 shares of the stock in a transaction on Tuesday, February 27th. The stock was bought at an average price of C$2.25 per share, for a total transaction of C$99,678.00. 0.14% of the stock is owned by insiders.
OceanaGold Announces Dividend
The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, March 7th will be paid a dividend of $0.013 per share. The ex-dividend date of this dividend is Wednesday, March 6th. OceanaGold's payout ratio is currently 18.75%.
OceanaGold Company Profile
(
Get Free Report)
OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.
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