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OceanaGold Renews Share Buyback Program with Increased Limit

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OceanaGold Renews Share Buyback Program with Increased Limit

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OceanaGold ( (TSE:OGC) ) has shared an update.

OceanaGold Corporation has received approval from the Toronto Stock Exchange to renew its Normal Course Issuer Bid, allowing it to repurchase up to 23 million common shares over the next 12 months. This move is part of the company’s strategy to return value to shareholders, supported by its strong financial position and robust cash flow, while continuing to invest in growth and exploration projects.

The most recent analyst rating on (TSE:OGC) stock is a Buy with a C$24.00 price target. To see the full list of analyst forecasts on OceanaGold stock, see the TSE:OGC Stock Forecast page.

Spark’s Take on TSE:OGC Stock

According to Spark, TipRanks’ AI Analyst, TSE:OGC is a Outperform.

OceanaGold receives a strong overall stock score, driven by robust financial performance and optimistic earnings guidance. The company’s strategic initiatives and strong cash flow generation further bolster its growth prospects. Technical indicators and valuation are supportive, though not as dominant in the overall assessment.

To see Spark’s full report on TSE:OGC stock, click here.

More about OceanaGold

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from its operations and delivering strong returns for its shareholders. The company operates four mines: the Haile Gold Mine in the United States, Didipio Mine in the Philippines, and the Macraes and Waihi operations in New Zealand.

Average Trading Volume: 771,891

Technical Sentiment Signal: Buy

Current Market Cap: C$4.3B

Learn more about OGC stock on TipRanks’ Stock Analysis page.

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