OceanaGold (OGC) AI Stock Analysis

• Market Cap: C$9.11B
• Dividend Yield: 0.42%
• Average Volume (3M): 1.07M
• Price to Earnings (P/E): 16.5
• Beta (1Y): 1.83
• Revenue Growth: 51.00%
• EPS Growth: 532.40%
• Country: CA
• Employees: 2,146
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.55
• Shares Outstanding: 228,440,280
• 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: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$44.13
• Price Target Upside: 10.58% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: C$41.00 ▲(2.73% Upside)

OceanaGold's overall stock score reflects strong financial performance and positive technical indicators, supported by promising corporate events and optimistic earnings call guidance. The company's fair valuation and strategic focus on growth and shareholder returns position it well in the gold industry, despite some operational challenges.

Positive Factors

Revenue Growth

The record revenue indicates strong demand for OceanaGold's products and effective market positioning, supporting long-term growth.

Strong Balance Sheet

A debt-free balance sheet with substantial cash reserves enhances financial flexibility and supports strategic investments.

Cash Flow Generation

Robust cash flow generation reflects efficient operations and provides resources for growth initiatives and shareholder returns.

Negative Factors

High All-In Sustaining Costs

Elevated sustaining costs can pressure margins and reduce profitability, potentially impacting long-term financial performance.

Operational Challenges at Didipio

Operational challenges at Didipio could limit production efficiency and increase costs, affecting overall company performance.

Seasonal Weakness in Q3

Seasonal production dips can lead to revenue volatility, impacting quarterly financial results and operational planning.

OceanaGold Business Overview & Revenue Model

Company Description

OceanaGold Corporation (OGC) is a multinational gold mining company based in Australia, with operations spanning across the Americas and the Asia-Pacific region. The company focuses on the exploration, development, and production of gold and copper, primarily through its flagship assets, including the Haile Gold Mine in the United States, the Macraes and Frasers mines in New Zealand, and the Didipio mine in the Philippines. OceanaGold is committed to sustainable mining practices and aims to create long-term value for its stakeholders through responsible resource management.

How the Company Makes Money

OceanaGold generates revenue primarily through the extraction and sale of gold and copper. The company sells its produced metals in the global market, where prices fluctuate based on supply and demand dynamics, as well as macroeconomic factors. Key revenue streams include gold bullion sales, copper sales, and by-product sales from its mining operations. OceanaGold also benefits from strategic partnerships and joint ventures that enhance its operational capabilities and market reach. Moreover, the company implements cost management strategies and operational efficiencies to maximize profitability in varying market conditions.

OceanaGold Financial Statement Overview

Summary

OceanaGold's financial performance is robust, with strong revenue growth, profitability, and cash flow generation. The company maintains a low leverage position, enhancing financial stability and reducing risk. The positive trends in profitability and cash flow, coupled with a solid balance sheet, position OceanaGold well for future growth and resilience in the gold industry.

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	334.10M	193.38M	61.70M	84.02M	131.75M	178.64M
Total Debt	55.37M	71.56M	230.13M	255.89M	367.41M	312.27M
Total Liabilities	752.29M	681.59M	829.19M	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: 39.91
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

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 39.91 is above the 20-day moving average (MA) of 37.06, above the 50-day MA of 34.51, and above the 200-day MA of 23.73, indicating a bullish trend. The MACD of 1.56 indicates Negative momentum. The RSI at 70.42 is Negative, neither overbought nor oversold. The STOCH value of 74.44 is Neutral, 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
ELD	79 Outperform	C$11.03B	20.20	9.54%	―	44.88%	38.67%
OGC	78 Outperform	C$9.11B	16.46	21.15%	0.42%	51.00%	532.40%
NGD	78 Outperform	C$9.98B	29.22	22.29%	―	48.70%	1718.41%
OR	70 Outperform	C$9.55B	46.79	11.26%	0.55%	37.22%	―
BTO	67 Neutral	C$8.82B	28.26	6.90%	1.71%	34.31%	―
ARTG	62 Neutral	C$8.82B	42.44	28.16%	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

OceanaGold Corporate Events

OceanaGold Reports Promising Exploration Results and Provisional Approval for Waihi North Project

OceanaGold has announced significant progress in its exploration and development activities in New Zealand. The company reported high-grade mineralization results from its Wharekirauponga exploration project, indicating a promising extension of the resource. Additionally, OceanaGold received a draft decision from the New Zealand government, indicating a provisional intention to approve the Waihi North Project, which could extend the life of the Waihi operation and bring economic benefits to local communities.

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.

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.