Scotiabank Forecasts OceanaGold’s FY2027 Earnings (TSE:OGC)

OceanaGold Co. (TSE:OGC) – Research analysts at Scotiabank cut their FY2027 earnings estimates for OceanaGold in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst O. Habib now anticipates that the company will post earnings of $5.90 per share for the year, down from their prior estimate of $5.93. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

OceanaGold Price Performance

TSE OGC opened at C$42.38 on Friday. OceanaGold has a 1 year low of C$22.71 and a 1 year high of C$59.20. The company has a market capitalization of C$9.43 billion, a PE ratio of 11.24 and a beta of 2.70. The company has a fifty day moving average of C$36.18 and a two-hundred day moving average of C$42.36.

OceanaGold (TSE:OGC) last released its earnings results on Wednesday, August 5th. The company reported C$1.39 earnings per share (EPS) for the quarter. OceanaGold had a net margin of 35.22% and a return on equity of 37.64%. The company had revenue of C$919.67 million for the quarter.

Insider Buying and Selling at OceanaGold

In other news, insider Brian Douglas Martin sold 30,000 shares of OceanaGold stock in a transaction on Thursday, May 28th. The shares were sold at an average price of C$40.47, for a total value of C$1,214,100.00. Following the transaction, the insider directly owned 19,363 shares of the company’s stock, valued at C$783,620.61. The trade was a 60.77% decrease in their position. Insiders own 0.15% of the company’s stock.

OceanaGold Company Profile

OceanaGold is a global 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 wholly-owned Haile Gold Mine in the United States of America ; the wholly-owned Macraes and Waihi operations in New Zealand ; and the 80%-owned Didipio Mine in the Philippines.