Q2 2023 EPS Estimates for OceanaGold Co. Lifted by Cormark (TSE:OGC)

Posted by on May 6th, 2023

OceanaGold Co. (TSE:OGC – Get Rating) – Equities research analysts at Cormark lifted their Q2 2023 earnings per share (EPS) estimates for OceanaGold in a note issued to investors on Thursday, May 4th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.11 for the quarter, up from their previous forecast of $0.10. The consensus estimate for OceanaGold’s current full-year earnings is $0.24 per share. Cormark also issued estimates for OceanaGold’s Q3 2023 earnings at $0.10 EPS, Q4 2023 earnings at $0.10 EPS, FY2023 earnings at $0.35 EPS and FY2025 earnings at $0.71 EPS.

OceanaGold (TSE:OGC – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The company reported C$0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.02 by C$0.02. The firm had revenue of C$323.68 million for the quarter. OceanaGold had a return on equity of 8.23% and a net margin of 13.71%.

Other equities research analysts have also recently issued reports about the company. Raymond James raised their target price on OceanaGold from C$3.50 to C$3.75 and gave the company an “outperform” rating in a research note on Tuesday, January 31st. National Bankshares lowered their target price on OceanaGold from C$4.00 to C$3.75 and set an “outperform” rating on the stock in a report on Thursday, February 23rd. Finally, CIBC raised OceanaGold from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$3.00 to C$4.00 in a report on Thursday, January 26th.

OceanaGold Stock Performance

OGC stock opened at C$3.36 on Friday. The company has a debt-to-equity ratio of 15.14, a quick ratio of 0.85 and a current ratio of 1.26. The stock has a market capitalization of C$2.37 billion, a price-to-earnings ratio of 13.44, a PEG ratio of -1.97 and a beta of 1.20. OceanaGold has a 1 year low of C$1.78 and a 1 year high of C$3.50. The stock’s fifty day moving average is C$3.12 and its two-hundred day moving average is C$2.73.

OceanaGold Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, April 28th. Investors of record on Thursday, March 9th were paid a $0.013 dividend. The ex-dividend date of this dividend was Wednesday, March 8th. OceanaGold’s payout ratio is 12.00%.

OceanaGold Company Profile

(Get Rating)

OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, and silver deposits. The company operates the Didipio gold-copper mine located in the Nueva Vizcaya and Quirino provinces on the island of Luzon in the Philippines; the Macraes goldfield mine on the South Island of New Zealand and the Waihi gold mine on the North Island of New Zealand; and the Haile gold mine located in South Carolina, the United States.

See Also

Earnings History and Estimates for OceanaGold (TSE:OGC)

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