OceanaGold Third Quarter 2024 Earnings: EPS: US$0.084 (vs US$0.008 loss in 3Q 2023)

OceanaGold (TSE:OGC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$345.2m (up 61% from 3Q 2023).
• Net income: US$59.9m (up from US$5.50m loss in 3Q 2023).
• Profit margin: 17% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.084 (up from US$0.008 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

OceanaGold Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 2.1% from a week ago.

Risk Analysis

Be aware that OceanaGold is showing 1 warning sign in our investment analysis that you should know about...

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