OceanaGold Co. (TSE:OGC - Free Report) - Investment analysts at Scotiabank decreased their FY2027 earnings estimates for shares of OceanaGold in a research note issued to investors on Wednesday, April 1st. Scotiabank analyst O. Habib now anticipates that the company will earn $4.54 per share for the year, down from their prior forecast of $5.00. The consensus estimate for OceanaGold's current full-year earnings is $0.63 per share.

OceanaGold (TSE:OGC - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported C$1.21 earnings per share for the quarter. OceanaGold had a return on equity of 30.82% and a net margin of 33.30%.The firm had revenue of C$870.81 million for the quarter.

Several other equities analysts have also issued reports on OGC. Royal Bank Of Canada boosted their price objective on OceanaGold from C$52.00 to C$78.00 in a research report on Thursday, March 12th. TD Securities raised their target price on shares of OceanaGold from C$38.00 to C$56.00 in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce lifted their price target on shares of OceanaGold from C$66.00 to C$72.00 in a research note on Thursday, February 26th. Jefferies Financial Group upped their price target on shares of OceanaGold from C$45.00 to C$53.00 in a report on Monday, January 19th. Finally, Desjardins increased their price objective on shares of OceanaGold from C$63.00 to C$65.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, OceanaGold currently has an average rating of "Buy" and an average price target of C$56.13.

Get Our Latest Stock Analysis on OceanaGold

OceanaGold Price Performance

Shares of OceanaGold stock opened at C$45.63 on Thursday. The company has a market capitalization of C$10.27 billion, a P/E ratio of 16.96 and a beta of 2.12. The business has a 50-day moving average of C$49.31 and a two-hundred day moving average of C$40.14. OceanaGold has a 1 year low of C$12.78 and a 1 year high of C$59.20.

OceanaGold declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 18th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

OceanaGold Company Profile

(Get Free Report)

OceanaGold is a growing 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 Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.

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