OceanaGold Co. Expected to Earn Q1 2024 Earnings of ($0.01) Per Share (TSE:OGC)

OceanaGold Co. (TSE:OGC) – Research analysts at Desjardins issued their Q1 2024 earnings per share (EPS) estimates for shares of OceanaGold in a report released on Tuesday, April 23rd. Desjardins analyst J. Egilo forecasts that the company will post earnings per share of ($0.01) for the quarter. Desjardins currently has a “Buy” rating and a $4.00 target price on the stock. The consensus estimate for OceanaGold’s current full-year earnings is $0.30 per share.

OceanaGold (TSE:OGC) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 earnings per share 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 return on equity of 4.88% and a net margin of 8.10%.

A number of other analysts have also recently weighed in on OGC. National Bankshares lowered their price objective on OceanaGold from C$4.00 to C$3.75 in a research report on Friday, February 23rd. Jefferies Financial Group lifted their price target on OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a research report on Monday. Cormark lowered their price target on OceanaGold from C$3.25 to C$3.00 in a research report on Monday, February 26th. Raymond James lifted their price target on OceanaGold from C$4.50 to C$5.00 in a research report on Tuesday. Finally, BMO Capital Markets lowered their price target on OceanaGold from C$4.25 to C$3.75 in a research report on Thursday, February 22nd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$4.08.

OceanaGold Price Performance

OceanaGold stock opened at C$3.03 on Thursday. The firm has a market cap of C$2.14 billion, a PE ratio of 18.94 and a beta of 1.50. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$3.50. The stock has a fifty day simple moving average of C$2.86.

OceanaGold Announces Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, March 7th will be paid a $0.013 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. OceanaGold’s dividend payout ratio is presently 18.75%.

Insider Activity at OceanaGold

In other news, Director Paul Benson acquired 44,400 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of C$2.25 per share, for a total transaction of C$99,678.00. 0.14% of the stock is owned by company insiders.

OceanaGold Company Profile

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.