Raymond James Research Analysts Lift Earnings Estimates for OceanaGold Co. (TSE:OGC)

OceanaGold Co. (TSE:OGC - Free Report) - Research analysts at Raymond James increased their Q3 2024 earnings per share estimates for shares of OceanaGold in a note issued to investors on Tuesday, April 23rd. Raymond James analyst F. Hamed now expects that the company will earn $0.16 per share for the quarter, up from their previous estimate of $0.11. The consensus estimate for OceanaGold's current full-year earnings is $0.30 per share. Raymond James also issued estimates for OceanaGold's Q4 2024 earnings at $0.16 EPS.

Several other brokerages also recently weighed in on OGC. CIBC upped 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. Desjardins lifted their price objective on shares of OceanaGold from C$3.50 to C$4.00 and gave the company a "buy" rating in a research note on Tuesday, January 30th. BMO Capital Markets dropped their price objective on shares of OceanaGold from C$4.25 to C$3.75 in a research note on Thursday, February 22nd. National Bankshares reduced their price target on OceanaGold from C$4.00 to C$3.75 in a report on Friday, February 23rd. Finally, Jefferies Financial Group increased their target price on shares of OceanaGold from C$3.50 to C$4.00 and gave the company a "buy" rating in a report on Monday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$4.08.

OceanaGold Trading Up 3.3 %

OGC traded up C$0.10 during trading on Thursday, reaching C$3.13. The company's stock had a trading volume of 1,514,976 shares, compared to its average volume of 1,464,621. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$3.50. The company has a market capitalization of C$2.21 billion, a P/E ratio of 19.56 and a beta of 1.50. The stock has a fifty day simple moving average of C$2.86.

OceanaGold (TSE:OGC - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of C$363.94 million during the quarter. OceanaGold had a net margin of 8.10% and a return on equity of 4.88%.

OceanaGold Dividend Announcement

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, March 7th will be issued a $0.013 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. OceanaGold's payout ratio is 18.75%.

Insider Transactions at OceanaGold

In other OceanaGold news, Director Paul Benson purchased 44,400 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of C$2.25 per share, with a total value of C$99,678.00. 0.14% of the stock is currently owned by insiders.

About OceanaGold

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.