OceanaGold (OGC) AI Stock Analysis

• Market Cap: C$4.36B
• Dividend Yield: 0.38%
• Average Volume (3M): 817.78K
• Price to Earnings (P/E): 10.8
• Beta (1Y): 1.33
• Revenue Growth: 35.81%
• EPS Growth: 692.91%
• Country: CA
• Employees: 2,146
• Sector: Basic Materials
• Sector Strength: 53
• Industry: Gold
• EPS (TTM): 0.58
• Shares Outstanding: 230,793,270
• 10 Day Avg. Volume: 757,195
• 30 Day Avg. Volume: 817,779
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$25.28
• Price Target Upside: 33.69% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7

• Rating: 80 Outperform
• Price Target: C$23.00 ▲(21.63%Upside)

OceanaGold's strong financial performance is the primary factor contributing to its high stock score, supported by strategic corporate events and positive earnings call insights. The technical analysis suggests a stable uptrend, though valuation metrics indicate the stock is fairly priced. Overall, the company is well-positioned for continued growth, though investors should monitor operational challenges closely.

Positive Factors

Earnings

The company reported adjusted EPS of $0.14 per share, which exceeded both analyst and consensus estimates.

Financial Performance

Cash Costs and AISC were lower than expected, leading to better financial performance.

Negative Factors

Future Production

Updated 2025 and 2026 guidance for gold production were both lower than previously disclosed.

Guidance

Updated mid-term guidance was slightly more conservative, featuring both lower gold production and higher AISC.

OceanaGold Business Overview & Revenue Model

Company Description

OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, and silver deposits. The company operates the Didipio gold-copper mine located in the Nueva Vizcaya and Quirino provinces on the island of Luzon in the Philippines; the Macraes goldfield mine on the South Island of New Zealand and the Waihi gold mine on the North Island of New Zealand; and the Haile gold mine located in South Carolina, the United States. OceanaGold Corporation was founded in 2003 and is based in South Brisbane, Australia.

How the Company Makes Money

OceanaGold generates revenue primarily through the production and sale of gold and copper. The company's key revenue streams include the extraction and processing of ore from its mining operations, which are then refined and sold on the open market. OceanaGold's operations in New Zealand, the Philippines, and the United States serve as significant contributors to its earnings. The company may also enter into partnerships and joint ventures to explore new opportunities and expand its mining capabilities. Additionally, fluctuations in commodity prices, operational efficiencies, and cost management practices are critical factors that influence the company's profitability.

OceanaGold Financial Statement Overview

Summary

OceanaGold demonstrates strong financial performance with significant revenue and profit growth. The income statement highlights robust growth trends, with a revenue increase of 27.9% year-over-year. The balance sheet is stable with a low debt-to-equity ratio, and cash flow analysis shows healthy cash generation capacity.

Income Statement

OceanaGold's income statement shows robust performance with strong growth trends. The TTM (Trailing-Twelve-Months) revenue reached $1.38 billion, a significant increase from previous years. Gross profit margin stands at 35.5%, indicating efficient production. Net profit margin improved to 21.2%, reflecting enhanced profitability. The company exhibits a solid revenue growth rate of 27.9% year-over-year from 2023 to 2024, with a notable increase in EBIT and EBITDA margins, highlighting operational efficiency improvements.

Balance Sheet

The balance sheet reveals a stable financial position with an equity ratio of 73.6%, underscoring a strong capital structure. The debt-to-equity ratio is low at 0.03, indicating minimal leverage and reduced financial risk. Return on equity (ROE) is an impressive 15.4%, showcasing effective use of equity to generate profits. The company's robust stockholder's equity of $1.90 billion enhances its financial resilience.

Cash Flow

Cash flow analysis reflects a healthy cash generation capacity. Operating cash flow of $690.2 million supports strong operational cash generation relative to net income, with an operating cash flow to net income ratio of 2.35. Free cash flow grew by 30.7% year-over-year, indicating improved cash management and reinvestment potential. The free cash flow to net income ratio of 0.95 shows efficient cash conversion from earnings.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.29B	1.03B	984.70M	744.70M	500.10M
Gross Profit	372.30M	298.70M	259.80M	232.70M	45.10M
EBITDA	590.80M	369.80M	378.90M	166.40M	144.10M
Net Income	187.40M	83.10M	132.60M	-3.70M	-150.40M
Balance Sheet
Total Assets	2.49B	2.45B	2.29B	2.26B	2.25B
Cash, Cash Equivalents and Short-Term Investments	193.50M	61.70M	83.20M	133.00M	179.00M
Total Debt	71.60M	231.80M	253.40M	370.90M	312.90M
Total Liabilities	562.60M	713.20M	617.30M	710.00M	688.40M
Stockholders Equity	1.82B	1.73B	1.67B	1.55B	1.56B
Cash Flow
Free Cash Flow	213.70M	34.30M	87.00M	-63.30M	-54.90M
Operating Cash Flow	593.90M	384.20M	368.70M	261.40M	198.80M
Investing Cash Flow	-348.70M	-341.80M	-280.80M	-315.80M	-225.80M
Financing Cash Flow	-120.50M	-57.80M	-130.20M	25.10M	159.50M

OceanaGold Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 18.91
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OGC, the sentiment is Neutral. The current price of 18.91 is below the 20-day moving average (MA) of 19.29, below the 50-day MA of 19.43, and above the 200-day MA of 14.71, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 45.23 is Neutral, neither overbought nor oversold. The STOCH value of 17.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:OGC.

OceanaGold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OGC	80 Outperform	C$4.36B	10.84	16.21%	0.38%	35.81%	692.91%
Sector *	61 Neutral	$9.45B	8.05	-0.70%	3.14%	2.52%	-54.55%
SSRM	―	$2.45B	30.26	2.71%	0.76%	―	―
SAND	―	$2.76B	96.52	2.05%	0.66%	―	―
DPM	80 Outperform	C$4.00B	12.19	20.48%	0.93%	19.55%	36.19%
KNT	75 Outperform	C$3.46B	13.70	39.28%	―	105.06%	481.75%
TORXF	―	$2.45B	18.78	8.12%	―	―	―

OceanaGold Corporate Events

OceanaGold Renews Share Buyback Program with Increased Limit

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.

OceanaGold to Announce Q2 2025 Results and Host Conference Call

OceanaGold Corporation announced it will release its second quarter 2025 operational and financial results on August 6, 2025, with a conference call scheduled for August 7, 2025. This announcement provides stakeholders with an opportunity to gain insights into the company’s performance and strategic direction, potentially impacting investor confidence and market positioning.

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.

OceanaGold Expands Gold Mineralization at Wharekirauponga

OceanaGold Corporation has announced significant results from its exploration and resource conversion program at Wharekirauponga, near its Waihi operation in New Zealand. The company has extended the strike length of gold mineralization to over 1.4 km, with drilling results revealing high-grade gold intersections. This expansion underscores Wharekirauponga’s importance as a key asset in OceanaGold’s portfolio, promising to enhance the company’s future growth and shareholder returns.

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.

OceanaGold Initiates Share Consolidation Ahead of U.S. Listing

OceanaGold Corporation has announced a share consolidation, effective June 23, 2025, as part of its strategy to pursue a dual listing on a major U.S. exchange, potentially the New York Stock Exchange, by the first half of 2026. This move aims to increase the per share trading price to meet minimum trading price requirements, potentially enhancing marketability and trading liquidity, which could attract a broader range of investors.

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.

OceanaGold Announces 2025 AGM Results and Plans for U.S. Exchange Listing

OceanaGold Corporation reported the results of its 2025 Annual General and Special Meeting, where shareholders voted in favor of all business items, including the election of directors and a share consolidation. The company is considering a dual listing on a major U.S. exchange to increase marketability and trading liquidity, with the consolidation aimed at meeting minimum trading price requirements. The consolidation is expected to be effective around June 23, 2025, pending Toronto Stock Exchange approval.

The most recent analyst rating on (TSE:OGC) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on OceanaGold stock, see the TSE:OGC Stock Forecast page.

OceanaGold Reports Strong Sustainability Progress in 2024

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.

OceanaGold Reports Strong Q1 2025 Results and Announces New Discoveries

OceanaGold Corporation reported strong first-quarter 2025 results, producing 117,400 ounces of gold and 3,400 tonnes of copper, marking a 12% increase from the previous year. The company achieved a net profit of $101 million and maintained a robust financial position with zero debt and a cash balance of $228 million. OceanaGold announced a new mineral discovery at Haile and high-grade drill results at Wharekirauponga, indicating promising future growth. The company is on track with its production and cost guidance for the year and plans to continue investing in growth opportunities, including the Waihi North Project, which is in the fast-track permitting process. Additionally, OceanaGold has approved a share buyback program and declared a quarterly dividend, reflecting its commitment to enhancing shareholder value.