OceanaGold (OGC) AI Stock Analysis

• Market Cap: $5.34B
• Dividend Yield: 0.41%
• Average Volume (3M): 855.41K
• Price to Earnings (P/E): 10.3
• Beta (1Y): 1.43
• Revenue Growth: 60.59%
• EPS Growth: 34481.54%
• Country: CA
• Employees: 2,146
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Gold
• EPS (TTM): 0.71
• Shares Outstanding: 230,793,270
• 10 Day Avg. Volume: 1,061,601
• 30 Day Avg. Volume: 855,408
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.81
• Enterprise Value/Revenue: 2.77
• Enterprise Value/Gross Profit: 6.76
• Enterprise Value/Ebitda: 5.30
• 1Y Price Target: $27.88
• Price Target Upside: 17.42% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 81 Outperform
• Price Target: C$27.00 ▲(13.73% Upside)

OceanaGold's strong financial performance and positive earnings call are the most significant factors driving the high score. The company's robust growth metrics, stable financial structure, and strategic initiatives position it well in the gold industry. While technical indicators suggest potential overbought conditions, the overall outlook remains positive.

Positive Factors

Earnings

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

Exploration Budget

OGC looks to build on this success, budgeting $40M for exploration across all four sites, the highest exploration budget in five years.

Financial Performance

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

Negative Factors

Gold Production Guidance

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

Mid-term 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 (OGC) is a multinational gold mining company headquartered in Melbourne, Australia, with operations primarily in the Americas and the Asia-Pacific region. The company engages in the exploration, development, and production of gold, alongside the extraction of copper and silver as by-products. OceanaGold operates several mines, including the Haile Gold Mine in the United States, the Didipio Mine in the Philippines, and the Macraes and Waihi operations in New Zealand, positioning itself as a significant player in the global mining sector.

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 demonstrates strong financial performance with significant revenue and profit growth, efficient operations, a strong balance sheet with low leverage, and robust cash generation. The company's financial trajectory shows a positive outlook, with continued profitability and growth potential.

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	1.56B	1.29B	1.03B	984.70M	744.70M	500.10M
Gross Profit	640.90M	372.30M	298.70M	259.80M	232.70M	45.10M
EBITDA	817.30M	590.80M	369.80M	378.90M	166.40M	144.10M
Net Income	377.30M	187.40M	83.10M	132.60M	-3.70M	-150.40M
Balance Sheet
Total Assets	2.78B	2.49B	2.45B	2.29B	2.26B	2.25B
Cash, Cash Equivalents and Short-Term Investments	298.70M	193.50M	61.70M	83.20M	133.00M	179.00M
Total Debt	61.00M	71.60M	231.80M	253.40M	370.90M	312.90M
Total Liabilities	647.50M	562.60M	713.20M	617.30M	710.00M	688.40M
Stockholders Equity	2.03B	1.82B	1.73B	1.67B	1.55B	1.56B
Cash Flow
Free Cash Flow	398.70M	213.70M	34.30M	87.00M	-63.30M	-54.90M
Operating Cash Flow	809.30M	593.90M	384.20M	368.70M	261.40M	198.80M
Investing Cash Flow	-408.20M	-348.70M	-341.80M	-280.80M	-315.80M	-225.80M
Financing Cash Flow	-267.00M	-120.50M	-57.80M	-130.20M	25.10M	159.50M

OceanaGold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.74
• 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 23.74 is above the 20-day moving average (MA) of 21.41, above the 50-day MA of 20.35, and above the 200-day MA of 15.40, indicating a bullish trend. The MACD of 1.04 indicates Negative momentum. The RSI at 72.30 is Negative, neither overbought nor oversold. The STOCH value of 72.22 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
DPM	82 Outperform	C$3.99B	12.16	20.48%	0.87%	19.55%	36.19%
OGC	81 Outperform	$5.34B	10.29	19.95%	0.41%	60.59%	34481.54%
KNT	78 Outperform	C$3.57B	12.15	45.10%	―	131.16%	648.58%
SSL	75 Outperform	$4.41B	92.16	2.41%	0.53%	17.31%	19.28%
SSRM	73 Outperform	$4.77B	22.04	5.20%	0.76%	9.52%	―
TXG	69 Neutral	$3.57B	12.45	12.84%	―	11.46%	105.47%
Sector *	43 Neutral	C$945.77M	-8.95	0.05%	2.62%	22.54%	-44.12%

OceanaGold Corporate Events

OceanaGold Achieves Record Quarterly Profit Amid Strong Production

OceanaGold reported a record quarterly net profit of $118 million for the second quarter of 2025, driven by strong gold production and a high average realized gold price. The company is on track to meet its full-year production and financial guidance, with significant free cash flow and no debt, allowing for strategic investments and shareholder returns through dividends and share buybacks.

The most recent analyst rating on (TSE:OGC) stock is a Buy with a C$22.50 price target. To see the full list of analyst forecasts on OceanaGold stock, see the TSE:OGC Stock Forecast page.

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.