FY2026 Earnings Forecast for OceanaGold Issued By Scotiabank

OceanaGold Co. (TSE:OGC – Free Report) – Investment analysts at Scotiabank lowered their FY2026 earnings estimates for shares of OceanaGold in a note issued to investors on Wednesday, July 15th. Scotiabank analyst O. Habib now forecasts that the company will post earnings per share of $6.59 for the year, down from their previous estimate of $6.71. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.

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

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

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OceanaGold Stock Down 4.2%

Shares of OGC opened at C$31.65 on Friday. OceanaGold has a 52-week low of C$18.45 and a 52-week high of C$59.20. The company has a 50-day simple moving average of C$38.28 and a 200-day simple moving average of C$43.79. The company has a market capitalization of C$7.08 billion, a PE ratio of 9.65 and a beta of 2.71.

Insider Activity

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

OceanaGold Company Profile

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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.

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