OceanaGold (OGC) AI Stock Analysis

• Market Cap: $6.82B
• Dividend Yield: 0.28%
• Average Volume (3M): 1.07M
• Price to Earnings (P/E): 13.2
• Beta (1Y): 1.49
• Revenue Growth: 51.00%
• EPS Growth: 532.40%
• Country: CA
• Employees: 2,146
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.56
• Shares Outstanding: 229,333,530
• 10 Day Avg. Volume: 919,478
• 30 Day Avg. Volume: 1,068,164
• PEG Ratio: 0.34
• Price to Book (P/B): 3.50
• Price to Sales (P/S): 4.92
• P/FCF Ratio: 29.80
• Enterprise Value/Market Cap: 0.63
• Enterprise Value/Revenue: 2.60
• Enterprise Value/Gross Profit: 4.42
• Enterprise Value/Ebitda: 5.09
• 1Y Price Target: $39.23
• Price Target Upside: 13.19% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 79 Outperform
• Price Target: C$38.00 ▲(9.64% Upside)

OceanaGold's strong financial performance and positive earnings call are the primary drivers of its high score. Technical indicators support a bullish outlook, while valuation metrics suggest the stock is fairly priced. Operational challenges noted in the earnings call are a minor concern but do not significantly impact the overall positive outlook.

Positive Factors

Strong Cash Flow Generation

Robust cash flow generation enhances OceanaGold's ability to invest in growth opportunities, reduce debt, and return capital to shareholders, supporting long-term financial health.

Debt-Free Balance Sheet

A debt-free balance sheet provides financial flexibility and reduces risk, allowing the company to navigate market fluctuations and invest in strategic initiatives.

Record Revenue and High Gold Prices

Record revenue driven by high gold prices indicates strong market demand and pricing power, which can sustain profitability and growth over the medium term.

Negative Factors

High All-In Sustaining Costs

High sustaining costs can pressure margins and reduce profitability, potentially impacting the company's ability to maintain competitive pricing and invest in growth.

Operational Challenges at Didipio

Operational challenges at Didipio may lead to increased costs and reduced efficiency, affecting production output and financial performance in the near to medium term.

Seasonal Weakness in Q3

Seasonal production weaknesses can lead to volatility in quarterly results, impacting investor confidence and potentially affecting long-term strategic planning.

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 sale of gold, which is its core product. The company produces gold from its mining operations and sells it in the form of bullion to various buyers, including financial institutions and jewelry manufacturers. In addition to gold, OceanaGold also extracts copper and silver, which contribute additional revenue streams. The company benefits from strategic partnerships and supply agreements that help stabilize its income and facilitate market access. Additionally, fluctuating gold prices in the global market directly impact the company's earnings, with higher prices typically leading to increased revenue. Cost management and operational efficiency also play crucial roles in maintaining profitability.

OceanaGold Financial Statement Overview

Summary

OceanaGold has shown strong financial performance with significant revenue growth, high profitability margins, and robust cash flow generation. The balance sheet is stable with low leverage, enhancing financial stability.

Income Statement

OceanaGold has demonstrated strong revenue growth with a 6.6% increase in TTM, supported by a solid gross profit margin of 59.8%. The net profit margin has improved significantly to 24.0%, indicating enhanced profitability. EBIT and EBITDA margins are robust at 35.6% and 52.7%, respectively, reflecting efficient operations and cost management. Overall, the income statement shows a positive growth trajectory and strong profitability.

Balance Sheet

The balance sheet reflects a strong financial position with a low debt-to-equity ratio of 0.03, indicating minimal leverage and financial risk. Return on equity is healthy at 19.9%, showcasing effective use of equity to generate profits. The equity ratio stands at a solid level, suggesting a stable capital structure. Overall, the balance sheet indicates financial stability and prudent management of resources.

Cash Flow

Cash flow analysis reveals a positive trend with a 7.2% growth in free cash flow, indicating improved cash generation capabilities. The operating cash flow to net income ratio of 2.16 suggests strong cash conversion efficiency. The free cash flow to net income ratio of 0.49 further supports the company's ability to generate cash relative to its net income. Overall, the cash flow statement reflects strong liquidity and cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.67B	1.29B	1.03B	967.40M	744.70M	500.10M
Gross Profit	980.60M	693.50M	527.50M	461.00M	420.50M	226.50M
EBITDA	851.30M	577.00M	408.40M	361.20M	308.10M	115.90M
Net Income	403.10M	187.40M	83.10M	132.60M	-3.70M	-150.40M
Balance Sheet
Total Assets	2.88B	2.61B	2.55B	2.38B	2.31B	2.37B
Cash, Cash Equivalents and Short-Term Investments	334.90M	193.38M	61.26M	84.02M	131.75M	178.64M
Total Debt	55.50M	71.56M	231.80M	255.89M	370.00M	312.27M
Total Liabilities	754.10M	681.59M	713.20M	688.59M	774.35M	803.98M
Stockholders Equity	2.02B	1.82B	1.72B	1.69B	1.53B	1.56B
Cash Flow
Free Cash Flow	427.30M	213.70M	34.30M	87.00M	-63.30M	-54.90M
Operating Cash Flow	872.10M	593.90M	384.20M	368.70M	261.40M	198.80M
Investing Cash Flow	-442.30M	-348.70M	-341.80M	-280.80M	-315.80M	-225.80M
Financing Cash Flow	-257.80M	-120.50M	-57.80M	-130.20M	25.10M	159.50M

OceanaGold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 34.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OGC, the sentiment is Positive. The current price of 34.66 is above the 20-day moving average (MA) of 32.41, above the 50-day MA of 30.45, and above the 200-day MA of 20.25, indicating a bullish trend. The MACD of 0.68 indicates Negative momentum. The RSI at 63.48 is Neutral, neither overbought nor oversold. The STOCH value of 94.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:OGC.

OceanaGold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DPM	82 Outperform	C$6.46B	14.81	20.48%	0.71%	19.55%	36.19%
OGC	79 Outperform	$6.82B	13.24	21.15%	0.28%	51.00%	532.40%
KNT	78 Outperform	C$4.22B	14.08	46.21%	―	81.13%	234.33%
TXG	71 Outperform	$6.17B	13.30	17.29%	―	5.33%	143.67%
SSL	69 Neutral	―	―	2.41%	0.50%	17.31%	19.28%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SSRM	60 Neutral	$5.92B	20.57	6.84%	―	33.74%	―

OceanaGold Corporate Events

OceanaGold’s Earnings Call: Strong Q3 and Optimistic Outlook

OceanaGold Corporation’s recent earnings call painted a picture of robust financial health and optimism for the future. The company reported a solid third quarter, marked by record cash flow and revenue, a strong balance sheet, and increased returns to shareholders. Despite facing some operational challenges and high sustaining costs, the overall sentiment was positive, with confidence in meeting full-year guidance and achieving a strong fourth-quarter performance.

OceanaGold Reports Strong Q3 2025 Financial Results

OceanaGold Corporation is a mid-tier gold and copper producer operating in the mining sector, known for its commitment to safe and responsible mining practices across its four operational sites in the USA, New Zealand, and the Philippines.

OceanaGold Reports Strong Q3 2025 Results, Boosts Share Buyback Program

OceanaGold reported strong financial results for the third quarter of 2025, with significant free cash flow and no debt, positioning the company well for a robust fourth quarter. The company increased its share buyback program by 75% to $175 million and declared a $0.03 per share dividend, reflecting its commitment to delivering strong returns to shareholders. The ongoing exploration success at Haile and the anticipated permit approval for the Waihi North Project by year-end highlight OceanaGold’s focus on organic growth and value creation.

The most recent analyst rating on (TSE:OGC) stock is a Buy with a C$35.00 price target. To see the full list of analyst forecasts on OceanaGold stock, see the TSE:OGC Stock Forecast page.

OceanaGold Reports Promising Exploration Results at Haile Gold Mine

OceanaGold has announced successful exploration results from its Haile Gold Mine in the United States, highlighting significant high-grade mineralization at several deposits, including Ledbetter Phase 4 and Horseshoe Underground. The drilling results support the potential for low-risk organic growth and improved site economics, enhancing resource confidence and indicating opportunities for future underground development, which could positively impact the company’s operations and market positioning.

The most recent analyst rating on (TSE:OGC) stock is a Buy with a C$34.00 price target. To see the full list of analyst forecasts on OceanaGold stock, see the TSE:OGC Stock Forecast page.

OceanaGold Q2 2025: Record Profits and Strategic Growth

OceanaGold Corporation’s Q2 2025 earnings call revealed a strong financial and operational performance, marked by record profits and a solid cash position. Despite some anticipated short-term operational risks and increased costs, the company’s strategic initiatives and favorable market conditions contribute to a positive outlook for the future.

OceanaGold Reports Record Profit and Strong Cash Flow

OceanaGold Corporation is a growing intermediate gold and copper producer with a commitment to safely and responsibly maximize free cash flow generation from its operations, boasting a portfolio of four operating mines across the United States, the Philippines, and New Zealand.