OceanaGold (OGC) AI Stock Analysis

• Market Cap: C$4.80B
• Dividend Yield: 0.8%
• Average Volume (3M): 2.24M
• Price to Earnings (P/E): 11.8
• Beta (1Y): 1.30
• Revenue Growth: 35.81%
• EPS Growth: 693.32%
• Country: CA
• Employees: 2,146
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Gold
• EPS (TTM): 0.20
• Shares Outstanding: 698,108,200
• 10 Day Avg. Volume: 2,444,607
• 30 Day Avg. Volume: 2,238,855
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.41
• Enterprise Value/Market Cap: 0.31
• Enterprise Value/Revenue: 0.31
• Enterprise Value/Gross Profit: 3.08
• Enterprise Value/Ebitda: 0.76
• 1Y Price Target: C$6.92
• Price Target Upside: 1.44% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 82 Outperform
• Price Target: C$8.00 ▲(17.30%Upside)

OceanaGold's overall stock score reflects its strong financial performance, solid technical indicators, and reasonable valuation. The positive earnings call and strategic corporate events further enhance its outlook. While technical indicators suggest some caution due to potential overbought conditions, the company's robust fundamentals and strategic initiatives provide a compelling investment case.

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.

Shareholder Confidence

The ongoing use of the Normal Course Issuer Bid (NCIB), with 7M shares repurchased, demonstrates confidence in the company’s value.

Negative Factors

Mid-term Guidance

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

Operational Costs

High costs are due to the use of modified Avoca mining methods to address challenging geotechnical conditions and challenging remnant mining.

Production Guidance

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

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 makes money primarily through the mining, production, and sale of gold. The company's key revenue streams include the extraction and processing of gold ore, which is then sold in the form of gold bullion. OceanaGold also generates revenue from the sale of by-products such as silver and copper, which are extracted during the gold mining process. Significant partnerships with local governments and stakeholders in the mining regions contribute to its earnings by ensuring stable operations and access to necessary resources. Additionally, the company benefits from fluctuations in global gold prices, which can significantly impact its revenue.

OceanaGold Financial Statement Overview

Summary

OceanaGold demonstrates strong financial performance with significant revenue and profit growth. The company exhibits efficient operations, with a strong balance sheet characterized by low leverage and a high equity ratio. Cash flow analysis indicates robust cash generation and effective management.

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
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.38B	1.29B	1.03B	984.70M	744.70M	500.10M
	Gross Profit
490.80M	372.30M	298.70M	259.80M	232.70M	45.10M
	EBIT
400.40M	274.40M	187.80M	192.90M	146.80M	-37.30M
	EBITDA
691.90M	590.80M	369.80M	378.90M	166.40M	144.10M
	Net Income Common Stockholders
293.90M	187.40M	83.10M	132.60M	-3.70M	-150.40M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
227.60M	193.50M	61.70M	83.20M	133.00M	179.00M
	Total Assets
2.59B	2.49B	2.45B	2.29B	2.26B	2.25B
	Total Debt
61.20M	71.60M	231.80M	253.40M	370.90M	312.90M
	Net Debt
-166.40M	-121.90M	170.10M	170.20M	237.90M	133.90M
	Total Liabilities
579.30M	562.60M	713.20M	617.30M	710.00M	688.40M
	Stockholders Equity
1.90B	1.82B	1.73B	1.67B	1.55B	1.56B
Cash Flow		Free Cash Flow
279.50M	213.70M	34.30M	87.00M	-63.30M	-54.90M
	Operating Cash Flow
690.20M	593.90M	384.20M	368.70M	261.40M	198.80M
	Investing Cash Flow
-378.00M	-348.70M	-341.80M	-280.80M	-315.80M	-225.80M
	Financing Cash Flow
-175.60M	-120.50M	-57.80M	-130.20M	25.10M	159.50M

OceanaGold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.82
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• 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 6.82 is above the 20-day moving average (MA) of 6.51, above the 50-day MA of 5.74, and above the 200-day MA of 4.50, indicating a bullish trend. The MACD of 0.35 indicates Positive momentum. The RSI at 69.31 is Neutral, neither overbought nor oversold. The STOCH value of 60.97 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
OGC	82 Outperform	C$4.80B	11.81	16.21%	0.80%	35.81%	693.32%
KNT	77 Outperform	C$3.85B	15.21	39.28%	―	105.06%	481.75%
DPM	76 Outperform	C$3.56B	12.00	19.71%	1.08%	10.57%	24.23%
SSL	73 Outperform	$3.69B	92.23	2.05%	0.64%	6.23%	36.40%
TXG	72 Outperform	$4.03B	21.55	8.12%	―	20.97%	-24.55%
SSRM	69 Neutral	C$3.63B	31.67	2.71%	0.76%	-16.65%	―
Sector *	51 Neutral	$2.01B	-1.27	-21.11%	5.15%	2.92%	-30.46%

OceanaGold Corporate Events

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.

OceanaGold Announces Q1 2025 Results Release and Virtual AGM

OceanaGold Corporation announced the release of its first quarter 2025 operational and financial results scheduled for May 7, 2025, followed by a conference call on May 8, 2025. The company also plans to hold its Annual General and Special Meeting of Shareholders on June 4, 2025, which will be conducted virtually. These announcements reflect OceanaGold’s ongoing commitment to transparency and shareholder engagement, potentially impacting investor confidence and market positioning.