OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. More Details
Adequate balance sheet with reasonable growth potential.
Share Price & News
How has OceanaGold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OGC is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: OGC's weekly volatility (7%) has been stable over the past year.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: OGC underperformed the Canadian Metals and Mining industry which returned -9.5% over the past year.
Return vs Market: OGC underperformed the Canadian Market which returned 26.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is OceanaGold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StIf You Had Bought OceanaGold's (TSE:OGC) Shares Five Years Ago You Would Be Down 46%
1 month ago | Simply Wall StHere's Why OceanaGold (TSE:OGC) Can Afford Some Debt
2 months ago | Simply Wall StShould You Take Comfort From Insider Transactions At OceanaGold Corporation (TSE:OGC)?
Is OceanaGold undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OGC (CA$2.28) is trading below our estimate of fair value (CA$22.88)
Significantly Below Fair Value: OGC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OGC is unprofitable, so we can't compare its PE Ratio to the Canadian Metals and Mining industry average.
PE vs Market: OGC is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OGC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OGC is good value based on its PB Ratio (0.8x) compared to the CA Metals and Mining industry average (2.6x).
How is OceanaGold forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OGC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: OGC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: OGC's is expected to become profitable in the next 3 years.
Revenue vs Market: OGC's revenue (19% per year) is forecast to grow faster than the Canadian market (5% per year).
High Growth Revenue: OGC's revenue (19% 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 (7.8%).
How has OceanaGold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OGC is currently unprofitable.
Growing Profit Margin: OGC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: OGC is unprofitable, and losses have increased over the past 5 years at a rate of 52.2% per year.
Accelerating Growth: Unable to compare OGC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: OGC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (117.2%).
Return on Equity
High ROE: OGC has a negative Return on Equity (-2.83%), as it is currently unprofitable.
How is OceanaGold's financial position?
Financial Position Analysis
Short Term Liabilities: OGC's short term assets ($247.4M) exceed its short term liabilities ($189.6M).
Long Term Liabilities: OGC's short term assets ($247.4M) do not cover its long term liabilities ($456.1M).
Debt to Equity History and Analysis
Debt Level: OGC's debt to equity ratio (12.9%) is considered satisfactory.
Reducing Debt: OGC's debt to equity ratio has reduced from 14.7% to 12.9% over the past 5 years.
Debt Coverage: OGC's debt is well covered by operating cash flow (69.6%).
Interest Coverage: Insufficient data to determine if OGC's interest payments on its debt are well covered by EBIT.
What is OceanaGold current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate OGC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate OGC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if OGC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if OGC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: OGC is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of OGC's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Harvy Holmes (56 yo)
Mr. Michael Harvy Lou Holmes is President and Chief Executive Officer of OceanaGold Corporation since April 5, 2020 and serves as Director of OceanaGold Corporation since March 18, 2020. Previously he serv...
CEO Compensation Analysis
Compensation vs Market: Michael Harvy's total compensation ($USD2.00M) is about average for companies of similar size in the Canadian market ($USD2.07M).
Compensation vs Earnings: Michael Harvy's compensation has increased whilst the company is unprofitable.
Experienced Management: OGC's management team is considered experienced (4 years average tenure).
Experienced Board: OGC's board of directors are not considered experienced ( 1.4 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.1%.
OceanaGold Corporation's company bio, employee growth, exchange listings and data sources
- Name: OceanaGold Corporation
- Ticker: OGC
- Exchange: TSX
- Founded: 2003
- Industry: Gold
- Sector: Materials
- Market Cap: CA$1.605b
- Shares outstanding: 703.99m
- Website: https://oceanagold.com
Number of Employees
- OceanaGold Corporation
- 99 Melbourne Street
- Level 3
- South Brisbane
OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, silver, and other minerals. The company operates the Did...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/05 23:01|
|End of Day Share Price||2021/08/05 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.