OceanaGold (OGC) AI Stock Analysis

• Market Cap: $7.79B
• Dividend Yield: 0.3%
• Average Volume (3M): 1.07M
• Price to Earnings (P/E): 15.1
• Beta (1Y): 1.48
• Revenue Growth: 60.59%
• EPS Growth: 34481.54%
• Country: CA
• Employees: 2,146
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.71
• 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: 0.56
• Enterprise Value/Revenue: 2.77
• Enterprise Value/Gross Profit: 4.63
• Enterprise Value/Ebitda: 5.25
• 1Y Price Target: $37.61
• Price Target Upside: 18.80% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7

• Rating: 79 Outperform
• Price Target: C$36.00 ▲(13.71% Upside)

OceanaGold's strong financial performance and positive earnings call are the most significant factors driving the score. The company's robust revenue growth, profitability, and strategic initiatives position it well for future growth. Technical indicators suggest a positive trend, while the valuation reflects a reasonable market position. Despite some operational challenges, the overall outlook remains positive.

Positive Factors

Revenue Growth

Sustained revenue growth indicates effective market positioning and product demand, supporting long-term business expansion and profitability.

Balance Sheet Health

A strong balance sheet with low leverage enhances financial stability, providing resilience against market fluctuations and capacity for strategic investments.

Strategic Growth Initiatives

Strategic growth initiatives, such as new project developments, position OceanaGold for future expansion and increased production capacity.

Negative Factors

Operational Challenges

Processing lower-grade materials can reduce production efficiency and profitability, potentially impacting short-term financial performance.

Dewatering Issues

Dewatering challenges can disrupt operations and increase costs, affecting overall production efficiency and operational reliability.

Regulatory and Environmental Risks

Permitting processes can introduce regulatory and environmental risks, potentially delaying projects and impacting future growth timelines.

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 exhibits strong financial performance with impressive revenue growth, robust profit margins, and efficient cash flow management. The balance sheet is stable with minimal leverage, enhancing financial stability and positioning the company well for continued growth.

Income Statement

OceanaGold has demonstrated strong revenue growth with a 13.1% increase in the TTM period, supported by robust gross and net profit margins of 40.96% and 24.11%, respectively. The EBIT and EBITDA margins are also impressive at 33.37% and 52.23%, indicating efficient operational management. The company has shown consistent improvement in profitability metrics over the past few years, reflecting a solid upward trajectory.

Balance Sheet

The balance sheet is strong, with a low debt-to-equity ratio of 0.03, indicating minimal leverage and financial risk. Return on equity has improved to 20.01% in the TTM period, showcasing effective use of shareholder funds. The equity ratio stands at 72.98%, highlighting a stable financial structure. The company has successfully reduced its debt levels over time, enhancing financial stability.

Cash Flow

OceanaGold's cash flow performance is robust, with a significant 42.65% growth in free cash flow in the TTM period. The operating cash flow to net income ratio is strong at 2.15, indicating healthy cash generation relative to earnings. The free cash flow to net income ratio of 0.49 suggests efficient cash management. The company has consistently improved its cash flow metrics, supporting future growth initiatives.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.56B	1.29B	1.03B	967.40M	744.70M	500.10M
Gross Profit	936.00M	693.50M	527.50M	461.00M	420.50M	226.50M
EBITDA	825.00M	577.00M	408.40M	361.20M	308.10M	115.90M
Net Income	375.80M	187.40M	83.10M	132.60M	-3.70M	-150.40M
Balance Sheet
Total Assets	2.78B	2.61B	2.55B	2.38B	2.31B	2.37B
Cash, Cash Equivalents and Short-Term Investments	298.06M	193.38M	61.26M	84.02M	131.75M	178.64M
Total Debt	60.87M	71.56M	230.13M	255.89M	367.41M	312.27M
Total Liabilities	646.12M	681.59M	829.19M	688.59M	774.35M	803.98M
Stockholders Equity	2.03B	1.82B	1.72B	1.69B	1.53B	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: Neutral
• Last Price: 31.66
• 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 Neutral. The current price of 31.66 is below the 20-day moving average (MA) of 31.93, above the 50-day MA of 28.12, and above the 200-day MA of 18.87, indicating a neutral trend. The MACD of 1.60 indicates Positive momentum. The RSI at 52.09 is Neutral, neither overbought nor oversold. The STOCH value of 31.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$7.36B	16.87	20.48%	0.70%	19.55%	36.19%
OGC	79 Outperform	$7.79B	15.11	19.95%	0.30%	60.59%	34481.54%
KNT	77 Outperform	C$4.75B	15.83	45.10%	―	131.16%	648.58%
SSL	69 Neutral	$4.73B	98.90	2.41%	0.50%	17.31%	19.28%
TXG	69 Neutral	$5.03B	17.00	12.84%	―	11.46%	105.47%
SSRM	66 Neutral	$6.36B	30.00	5.20%	―	9.52%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

OceanaGold Corporate Events

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.

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.