Cormark Brokers Reduce Earnings Estimates for OceanaGold

OceanaGold Co. (TSE:OGC) – Analysts at Cormark decreased their Q1 2025 earnings per share estimates for shares of OceanaGold in a research report issued on Tuesday, February 25th. Cormark analyst R. Gray now expects that the company will earn $0.09 per share for the quarter, down from their previous forecast of $0.17. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share. Cormark also issued estimates for OceanaGold’s Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.13 EPS and Q4 2025 earnings at $0.16 EPS.

Other equities analysts have also issued research reports about the company. Scotiabank increased their target price on OceanaGold from C$6.00 to C$6.25 in a report on Wednesday, January 15th. BMO Capital Markets cut their price objective on shares of OceanaGold from C$6.25 to C$5.75 in a report on Thursday, February 20th. Royal Bank of Canada upped their target price on shares of OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. CIBC reduced their price target on shares of OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Finally, TD Securities upgraded shares of OceanaGold to a “strong-buy” rating in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$5.33.

OceanaGold Stock Down 2.6 %

Shares of TSE:OGC opened at C$3.78 on Wednesday. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$4.80. The firm’s 50 day moving average price is C$4.17 and its 200 day moving average price is C$3.96. The stock has a market cap of C$1.88 billion, a price-to-earnings ratio of 30.65 and a beta of 1.62.

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.