OceanaGold Reports Strong Sustainability Progress in 2024

An announcement from OceanaGold ( (TSE:OGC) ) is now available.

OceanaGold has released its 2024 Sustainability Report, highlighting significant progress in its sustainability commitments. The company maintained an MSCI ‘AA’ rating, implemented a new three-year Sustainability Strategy, and achieved an 80% employee engagement score, surpassing industry benchmarks. Key achievements include zero material environmental incidents, extensive land rehabilitation, and substantial community and economic contributions, such as spending over US$193 million with local suppliers and contributing US$11 million to social investments.

The most recent analyst rating on (TSE:OGC) stock is a Buy with a C$7.50 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’s stock is rated highly due to its strong financial performance, evidenced by significant revenue and profit growth, and excellent cash management. Technical indicators support a positive market trend, and a reasonable valuation adds to its appeal. The optimistic earnings call further reinforces the company’s robust outlook, despite minor operational challenges.

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

More about OceanaGold

OceanaGold is an intermediate gold and copper producer focused on maximizing free cash flow and delivering strong returns for shareholders. The company operates four mines: Haile Gold Mine in the USA, Didipio Mine in the Philippines, and Macraes and Waihi operations in New Zealand.

Average Trading Volume: 2,698,861

Technical Sentiment Signal: Buy

Current Market Cap: C$3.93B

See more insights into OGC stock on TipRanks’ Stock Analysis page.