OceanaGold (OGC) AI Stock Analysis

• Market Cap: $6.82B
• Dividend Yield: 0.49%
• 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: $39.20
• Price Target Upside: 12.59% 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$41.00 ▲(17.75% Upside)

OceanaGold's strong financial performance and positive earnings call sentiment are the primary drivers of its high stock score. The company's robust balance sheet, efficient cash flow generation, and strategic focus on shareholder returns position it well for future growth. Technical analysis supports a bullish outlook, while valuation metrics suggest the stock is fairly priced.

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, 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 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: 34.82
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 34.82 is above the 20-day moving average (MA) of 33.88, above the 50-day MA of 32.49, and above the 200-day MA of 21.79, indicating a bullish trend. The MACD of 0.81 indicates Negative momentum. The RSI at 54.13 is Neutral, neither overbought nor oversold. The STOCH value of 78.00 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	79 Outperform	$6.82B	13.24	21.15%	0.49%	51.00%	532.40%
KNT	78 Outperform	C$4.22B	14.08	46.21%	―	81.13%	234.33%
DPM	74 Outperform	C$6.46B	14.81	16.54%	0.58%	37.75%	59.97%
TXG	71 Outperform	$6.18B	13.40	17.29%	―	5.33%	143.67%
SSRM	69 Neutral	$6.16B	21.41	6.84%	―	33.74%	―
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%

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.