OGC Stock Overview
OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties.
OGC passed our risk checks.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$2.08|
|52 Week High||CA$3.41|
|52 Week Low||CA$1.79|
|1 Month Change||-12.61%|
|3 Month Change||-24.64%|
|1 Year Change||-5.46%|
|3 Year Change||-30.20%|
|5 Year Change||-44.97%|
|Change since IPO||-40.57%|
Recent News & Updates
These 4 Measures Indicate That OceanaGold (TSE:OGC) Is Using Debt Reasonably Well
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
|OGC||CA Metals and Mining||CA Market|
Return vs Industry: OGC exceeded the Canadian Metals and Mining industry which returned -12.7% over the past year.
Return vs Market: OGC underperformed the Canadian Market which returned 2.1% over the past year.
|OGC Average Weekly Movement||8.7%|
|Metals and Mining Industry Average Movement||11.5%|
|Market Average Movement||10.6%|
|10% most volatile stocks in CA Market||18.9%|
|10% least volatile stocks in CA Market||4.3%|
Stable Share Price: OGC is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: OGC's weekly volatility (9%) has been stable over the past year.
About the Company
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 Fundamentals Summary
|OGC fundamental statistics|
Is OGC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|OGC income statement (TTM)|
|Cost of Revenue||US$420.50m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.067|
|Net Profit Margin||5.05%|
How did OGC perform over the long term?See historical performance and comparison
Is OGC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for OGC?
Other financial metrics that can be useful for relative valuation.
|What is OGC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does OGC's PE Ratio compare to its peers?
|OGC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
SSL Sandstorm Gold
DPM Dundee Precious Metals
WDO Wesdome Gold Mines
CGG China Gold International Resources
Price-To-Earnings vs Peers: OGC is expensive based on its Price-To-Earnings Ratio (24.2x) compared to the peer average (18.6x).
Price to Earnings Ratio vs Industry
How does OGC's PE Ratio compare vs other companies in the CA Metals and Mining Industry?
Price-To-Earnings vs Industry: OGC is expensive based on its Price-To-Earnings Ratio (24.2x) compared to the Canadian Metals and Mining industry average (9.9x)
Price to Earnings Ratio vs Fair Ratio
What is OGC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||24.2x|
|Fair PE Ratio||24.8x|
Price-To-Earnings vs Fair Ratio: OGC is good value based on its Price-To-Earnings Ratio (24.2x) compared to the estimated Fair Price-To-Earnings Ratio (24.8x).
Share Price vs Fair Value
What is the Fair Price of OGC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: OGC (CA$2.08) is trading below our estimate of fair value (CA$25.15)
Significantly Below Fair Value: OGC is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is OceanaGold forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OGC's forecast earnings growth (39.7% per year) is above the savings rate (1.6%).
Earnings vs Market: OGC's earnings (39.7% per year) are forecast to grow faster than the Canadian market (7.8% per year).
High Growth Earnings: OGC's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: OGC's revenue (4.7% per year) is forecast to grow slower than the Canadian market (6.5% per year).
High Growth Revenue: OGC's revenue (4.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OGC's Return on Equity is forecast to be low in 3 years time (12.8%).
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How has OceanaGold performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OGC has high quality earnings.
Growing Profit Margin: OGC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: OGC's earnings have declined by 45.3% per year over the past 5 years.
Accelerating Growth: OGC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: OGC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-16%).
Return on Equity
High ROE: OGC's Return on Equity (2.9%) is considered low.
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How is OceanaGold's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: OGC's short term assets ($344.8M) exceed its short term liabilities ($193.7M).
Long Term Liabilities: OGC's short term assets ($344.8M) do not cover its long term liabilities ($431.0M).
Debt to Equity History and Analysis
Debt Level: OGC's net debt to equity ratio (3.4%) is considered satisfactory.
Reducing Debt: OGC's debt to equity ratio has reduced from 20.5% to 12.6% over the past 5 years.
Debt Coverage: OGC's debt is well covered by operating cash flow (195.4%).
Interest Coverage: OGC's interest payments on its debt are well covered by EBIT (4.4x coverage).
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What is OceanaGold current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate OGC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate OGC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if OGC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if OGC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: OGC is not paying a notable dividend for the Canadian market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as OGC has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gerard Bond (54 yo)
Mr. Gerard Michael Bond has extensive experience in global finance and the resources industry and has held numerous senior executive roles across Europe and Australia. Most recently, he was the Finance Dir...
Experienced Management: OGC's management team is considered experienced (2.1 years average tenure).
Experienced Board: OGC's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OGC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
OceanaGold Corporation's employee growth, exchange listings and data sources
- Name: OceanaGold Corporation
- Ticker: OGC
- Exchange: TSX
- Founded: 2003
- Industry: Gold
- Sector: Materials
- Implied Market Cap: CA$1.465b
- Shares outstanding: 704.21m
- Website: https://oceanagold.com
Number of Employees
- OceanaGold Corporation
- 99 Melbourne Street
- Level 3
- South Brisbane
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/17 00:00|
|End of Day Share Price||2022/08/17 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.