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

OceanaGold Co. (TSE:OGC) – Investment analysts at Scotiabank reduced their FY2027 earnings per share (EPS) estimates for OceanaGold in a note issued to investors on Wednesday, July 15th. Scotiabank analyst O. Habib now forecasts that the company will earn $6.10 per share for the year, down from their previous forecast of $6.27. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

Separately, TD increased their target price on shares of OceanaGold from C$55.00 to C$56.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$60.12.

OceanaGold Trading Up 6.0%

Shares of TSE:OGC opened at C$33.07 on Monday. The stock has a market cap of C$7.40 billion, a PE ratio of 10.08 and a beta of 2.71. The stock’s fifty day simple moving average is C$37.49 and its two-hundred day simple moving average is C$43.65. OceanaGold has a 1-year low of C$18.52 and a 1-year high of C$59.20.

OceanaGold (TSE:OGC) last announced its earnings results on Wednesday, May 6th. The company reported C$1.40 earnings per share (EPS) for the quarter. The company had revenue of C$993.37 million for the quarter. OceanaGold had a return on equity of 34.87% and a net margin of 33.78%.

Insider Activity at OceanaGold

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

About OceanaGold

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.