OceanaGold Future Growth

Future criteria checks 4/6

OceanaGold is forecast to grow earnings and revenue by 58% and 17.6% per annum respectively. EPS is expected to grow by 58.5% per annum. Return on equity is forecast to be 15% in 3 years.

Key information

58.0%

Earnings growth rate

58.5%

EPS growth rate

Metals and Mining earnings growth	40.4%
Revenue growth rate	17.6%
Future return on equity	15.0%
Analyst coverage	Good
Last updated	18 Nov 2024

Recent future growth updates

Recent updates

These 4 Measures Indicate That OceanaGold (TSE:OGC) Is Using Debt Reasonably Well

Aug 17

OceanaGold (TSE:OGC) Might Be Having Difficulty Using Its Capital Effectively

Jun 19

Robust Earnings May Not Tell The Whole Story For OceanaGold (TSE:OGC)

May 06

We Think OceanaGold (TSE:OGC) Has A Fair Chunk Of Debt

Apr 25

OceanaGold (TSE:OGC) Will Be Hoping To Turn Its Returns On Capital Around

Feb 04

We Think OceanaGold (TSE:OGC) Is Taking Some Risk With Its Debt

Dec 02

Here's Why OceanaGold (TSE:OGC) Can Afford Some Debt

Jun 30

Here's Why OceanaGold (TSE:OGC) Can Afford Some Debt

Mar 07

Have Insiders Been Buying OceanaGold Corporation (TSE:OGC) Shares This Year?

Feb 08

Could The OceanaGold Corporation (TSE:OGC) Ownership Structure Tell Us Something Useful?

Jan 04

OceanaGold (TSE:OGC) Share Prices Have Dropped 51% In The Last Three Years

Nov 30

Earnings and Revenue Growth Forecasts

TSX:OGC - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,713	413	508	749	4
12/31/2025	1,570	368	334	674	6
12/31/2024	1,318	218	186	586	5
9/30/2024	1,134	66	82	443	N/A
6/30/2024	1,003	1	-14	340	N/A
3/31/2024	1,053	39	53	394	N/A
12/31/2023	1,026	83	34	384	N/A
9/30/2023	997	143	31	390	N/A
6/30/2023	997	142	50	372	N/A
3/31/2023	926	93	-1	290	N/A
12/31/2022	967	133	87	369	N/A
9/30/2022	938	-4	105	378	N/A
6/30/2022	928	47	100	402	N/A
3/31/2022	882	59	34	358	N/A
12/31/2021	745	-4	-63	261	N/A
9/30/2021	704	96	-157	151	N/A
6/30/2021	598	-46	-157	145	N/A
3/31/2021	511	-108	-143	126	N/A
12/31/2020	500	-150	-55	199	N/A
9/30/2020	484	-145	6	247	N/A
6/30/2020	520	-71	-3	216	N/A
3/31/2020	610	-24	44	286	N/A
12/31/2019	651	15	-38	204	N/A
9/30/2019	682	17	11	253	N/A
6/30/2019	736	60	42	285	N/A
3/31/2019	755	90	81	308	N/A
12/31/2018	773	122	122	346	N/A
9/30/2018	835	200	183	429	N/A
6/30/2018	793	200	N/A	403	N/A
3/31/2018	759	180	N/A	383	N/A
12/31/2017	724	172	N/A	358	N/A
9/30/2017	626	126	N/A	259	N/A
6/30/2017	631	135	N/A	250	N/A
3/31/2017	629	149	N/A	253	N/A
12/31/2016	629	136	N/A	232	N/A
9/30/2016	625	117	N/A	215	N/A
6/30/2016	584	93	N/A	209	N/A
3/31/2016	540	52	N/A	160	N/A
12/31/2015	508	53	N/A	171	N/A
9/30/2015	507	68	N/A	170	N/A
6/30/2015	520	78	N/A	174	N/A
3/31/2015	522	77	N/A	185	N/A
12/31/2014	563	112	N/A	215	N/A
9/30/2014	591	46	N/A	243	N/A
6/30/2014	625	72	N/A	254	N/A
3/31/2014	628	4	N/A	211	N/A
12/31/2013	554	-48	N/A	159	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: OGC's forecast earnings growth (58% per year) is above the savings rate (2.3%).

Earnings vs Market: OGC's earnings (58% per year) are forecast to grow faster than the Canadian market (16.3% per year).

High Growth Earnings: OGC's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OGC's revenue (17.6% per year) is forecast to grow faster than the Canadian market (7% per year).

High Growth Revenue: OGC's revenue (17.6% 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 (15%).

OceanaGold Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

OceanaGold Corporation Reaffirms Production Guidance for the Full Year of 2022

OceanaGold Corporation Provides Consolidated Production Guidance for the Year 2022, 2023 and 2024

OceanaGold Corporation Provides Operating and Sales Guidance for the Full Year of 2021

Recent updates

Now 25% overvalued after recent price rise

OceanaGold Corporation Announces Results from the Ongoing Exploration and Resource Conversion Program at Wharekirauponga

Third quarter 2024 earnings released: EPS: US$0.084 (vs US$0.008 loss in 3Q 2023)

Now 20% undervalued

Returns On Capital At OceanaGold (TSE:OGC) Have Hit The Brakes

OceanaGold Corporation to Report Q3, 2024 Results on Nov 06, 2024

OceanaGold Corporation Provides Results from Exploration and Resource Conversion Drilling at the Haile Gold Mine in the United States

Oceanagold Corporation Announces Results from the Ongoing Exploration and Resource Conversion Program at Wharekirauponga

OceanaGold Corporation to Report Q2, 2024 Results on Jul 30, 2024

OceanaGold Corporation to Report Q1, 2024 Results on Apr 30, 2024

OceanaGold Corporation Drills Multiple Ore-Grade Intercepts At Horseshoe Extension At Haile and Extends Mineralization At Depth At Didipio

OceanaGold Corporation, Annual General Meeting, Jun 06, 2024

Tasman Mining Pty Ltd signed an Sale and Purchase Agreement to acquire OceanaGold's interest in the Blackwater project in New Zealand from OceanaGold Corporation (TSX:OGC) for $30 million.

OceanaGold Corporation to Report Q4, 2023 Results on Feb 21, 2024

Oceanagold Corporation Announces the Appointment of Bhuvanesh Malhotra as Chief Technical and Projects Officer, Effective January 22, 2024

OceanaGold Corporation Continues to Delineate High-Grade Gold Mineralization at Haile and Wharekirauponga

OceanaGold Corporation to Report Q3, 2023 Results on Oct 25, 2023

OceanaGold Corporation Mines First Ore from Horseshoe Underground and Provides Haile Operations and Exploration Update

OceanaGold Corporation Approves Semi-Annual Dividend, Payable on October 6, 2023

OceanaGold Corporation to Report Q2, 2023 Results on Aug 01, 2023

Oceanagold Corporation Provides Exploration Update for Wharekirauponga

OceanaGold Corporation to Report Q4, 2022 Results on Feb 21, 2023

OceanaGold Corporation Provides Exploration Update for Wharekirauponga, Haile and Didipio

Does OceanaGold (TSE:OGC) Have A Healthy Balance Sheet?

Third quarter 2022 earnings released: US$0.009 loss per share (vs US$0.064 profit in 3Q 2021)

Some Investors May Be Worried About OceanaGold's (TSE:OGC) Returns On Capital

OceanaGold Corporation to Report Q3, 2022 Results on Oct 26, 2022

Investor sentiment improved over the past week

Oceanagold Corporation Shares CHESS Depositary Interest to Be Deleted from OTC Equity

OceanaGold Delisted from the Official List of the Australian Securities Exchange At Close of Trading on 31 August 2022

These 4 Measures Indicate That OceanaGold (TSE:OGC) Is Using Debt Reasonably Well

OceanaGold Corporation Announces Change of Director

Independent Non-Executive Chairman recently bought CA$99k worth of stock

Second quarter 2022 earnings released: EPS: US$0.028 (vs US$0.045 in 2Q 2021)

OceanaGold Corporation Reaffirms Production Guidance for the Full Year of 2022

OceanaGold Corporation Announces Executive Changes

OceanaGold Corporation to Report Q2, 2022 Results on Jul 28, 2022

OceanaGold (TSE:OGC) Might Be Having Difficulty Using Its Capital Effectively

Independent Non-Executive Director recently bought CA$122k worth of stock

OceanaGold Corporation Appoints Brian Martin as Senior Vice President, Business Development and Investor Relations, Effective July 4, 2022

CEO, President & Director recently bought CA$133k worth of stock

High number of new directors

Robust Earnings May Not Tell The Whole Story For OceanaGold (TSE:OGC)

High number of new directors

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

We Think OceanaGold (TSE:OGC) Has A Fair Chunk Of Debt

OceanaGold Corporation to Report Q1, 2022 Results on Apr 28, 2022

OceanaGold Corporation Announces Oceanagold Reports Mineral Resources and Reserves for the Year-Ended 2021

OceanaGold Corporation, Annual General Meeting, Jun 09, 2022

High number of new directors

OceanaGold Corporation Continues Resource Conversion Drilling Includes Multiple Intersections of High-Grade Gold and Silver Mineralisation at the Company's Wharekirauponga Prospect in New Zealand

Full year 2021 earnings: EPS misses analyst expectations

OceanaGold Corporation Continues to Intercept High-Grade Mineralisation At Multiple Haile Underground Drill Targets

OceanaGold Corporation Reports Impairment Expenses for the Fourth Quarter Ended December 31, 2021

Investor sentiment improved over the past week

OceanaGold Corporation Announces Executive and Board Changes

OceanaGold Corporation Provides Consolidated Production Guidance for the Year 2022, 2023 and 2024

OceanaGold (TSE:OGC) Will Be Hoping To Turn Its Returns On Capital Around

We Think OceanaGold (TSE:OGC) Is Taking Some Risk With Its Debt

High number of new and inexperienced directors

OceanaGold Corporation Provides Operating and Sales Guidance for the Full Year of 2021

Independent Non-Executive Director recently bought CA$237k worth of stock

Second quarter 2021 earnings released: EPS US$0.04 (vs US$0.05 loss in 2Q 2020)

Here's Why OceanaGold (TSE:OGC) Can Afford Some Debt

First quarter 2021 earnings released: EPS US$0.023 (vs US$0.042 loss in 1Q 2020)

New 90-day low: CA$1.78

Here's Why OceanaGold (TSE:OGC) Can Afford Some Debt

Revenue and earnings beat expectations

Full year 2020 earnings released: US$0.24 loss per share (vs US$0.023 profit in FY 2019)

OceanaGold Corporation Announces Update on Martha Underground Project

Have Insiders Been Buying OceanaGold Corporation (TSE:OGC) Shares This Year?

Oceanagold Corporation Announces Several Additional Significant Intersections of High-Grade Gold and Silver Mineralisation at the company's WKP (Wharekirauponga) Prospect in New Zealand