Scotiabank Analysts Reduce Earnings Estimates for OceanaGold

OceanaGold Co. (TSE:OGC) – Scotiabank dropped their FY2025 EPS estimates for OceanaGold in a report released on Wednesday, March 19th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $0.34 per share for the year, down from their previous forecast of $0.39. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. Scotiabank also issued estimates for OceanaGold’s FY2026 earnings at $0.42 EPS.

OGC has been the topic of several other research reports. BMO Capital Markets cut their target price on OceanaGold from C$6.25 to C$5.75 in a research report on Thursday, February 20th. TD Securities downgraded shares of OceanaGold from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 27th. CIBC lowered their target price on shares of OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. National Bank Financial upgraded shares of OceanaGold to a “strong-buy” rating in a report on Friday, March 21st. Finally, Royal Bank of Canada increased their price objective on shares of OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$5.58.

OceanaGold Stock Performance

OGC stock opened at C$4.55 on Monday. The business has a 50-day simple moving average of C$4.20 and a two-hundred day simple moving average of C$4.05. The company has a market capitalization of C$2.26 billion, a P/E ratio of 36.90 and a beta of 1.62. OceanaGold has a 52-week low of C$2.83 and a 52-week high of C$4.80.

Insider Buying and Selling

In other OceanaGold news, Senior Officer Liang Tang sold 50,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of C$4.38, for a total transaction of C$219,000.00. 0.15% of the stock is currently owned by corporate insiders.

About OceanaGold

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.