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OceanaGold

TSX:OGC
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OGC
TSX
CA$2B
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

OceanaGold Corporation engages in the exploration, development, and operation of mineral properties. The last earnings update was 48 days ago. More info.


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OGC Share Price and Events
7 Day Returns
0.8%
TSX:OGC
1.8%
CA Metals and Mining
0.1%
CA Market
1 Year Returns
8.1%
TSX:OGC
-9.2%
CA Metals and Mining
-2.8%
CA Market
OGC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
OceanaGold (OGC) 0.8% -2.9% -10.7% 8.1% -14.8% 15.4%
CA Metals and Mining 1.8% 5.7% -1.5% -9.2% -16.7% -21.7%
CA Market 0.1% -1.1% -0.4% -2.8% 11.5% 0.9%
1 Year Return vs Industry and Market
  • OGC outperformed the Metals and Mining industry which returned -9.2% over the past year.
  • OGC outperformed the Market in Canada which returned -2.8% over the past year.
Price Volatility
OGC
Industry
5yr Volatility vs Market

OGC Value

 Is OceanaGold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of OceanaGold to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for OceanaGold.

TSX:OGC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:OGC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.026 (1 + (1- 30%) (10.68%))
1.068
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.068 * 5.96%)
8.31%

Discounted Cash Flow Calculation for TSX:OGC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for OceanaGold is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:OGC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.31%)
2019 70.63 Analyst x4 65.21
2020 163.37 Analyst x6 139.25
2021 204.50 Analyst x7 160.93
2022 236.97 Analyst x3 172.16
2023 255.50 Analyst x2 171.38
2024 270.46 Est @ 5.86% 167.49
2025 283.13 Est @ 4.68% 161.87
2026 294.07 Est @ 3.86% 155.22
2027 303.73 Est @ 3.29% 148.01
2028 312.50 Est @ 2.89% 140.59
Present value of next 10 years cash flows $1,482.09
TSX:OGC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $312.50 × (1 + 1.95%) ÷ (8.31% – 1.95%)
$5,002.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,002.91 ÷ (1 + 8.31%)10
$2,250.80
TSX:OGC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,482.09 + $2,250.80
$3,732.90
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,732.90 / 622.28
$6
TSX:OGC Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:OGC)
1.338
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $6 x 1.338
CA$8.03
Value per share (CAD) From above. CA$8.03
Current discount Discount to share price of CA$3.74
= -1 x (CA$3.74 - CA$8.03) / CA$8.03
53.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price OceanaGold is available for.
Intrinsic value
>50%
Share price is CA$3.74 vs Future cash flow value of CA$8.03
Current Discount Checks
For OceanaGold to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • OceanaGold's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • OceanaGold's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for OceanaGold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are OceanaGold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:OGC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.14
TSX:OGC Share Price ** TSX (2019-06-14) in CAD CA$3.74
TSX:OGC Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $2.79
Canada Metals and Mining Industry PE Ratio Median Figure of 113 Publicly-Listed Metals and Mining Companies 14.11x
Canada Market PE Ratio Median Figure of 546 Publicly-Listed Companies 15.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of OceanaGold.

TSX:OGC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:OGC Share Price ÷ EPS (both in USD)

= 2.79 ÷ 0.14

19.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • OceanaGold is overvalued based on earnings compared to the CA Metals and Mining industry average.
  • OceanaGold is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does OceanaGold's expected growth come at a high price?
Raw Data
TSX:OGC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
24.2%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 36 Publicly-Listed Metals and Mining Companies 0.72x
Canada Market PEG Ratio Median Figure of 247 Publicly-Listed Companies 1.15x

*Line of best fit is calculated by linear regression .

TSX:OGC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.29x ÷ 24.2%

0.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • OceanaGold is good value based on expected growth next year.
Price based on value of assets
What value do investors place on OceanaGold's assets?
Raw Data
TSX:OGC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $2.52
TSX:OGC Share Price * TSX (2019-06-14) in CAD CA$3.74
TSX:OGC Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $2.79
Canada Metals and Mining Industry PB Ratio Median Figure of 1,088 Publicly-Listed Metals and Mining Companies 1.32x
Canada Market PB Ratio Median Figure of 2,420 Publicly-Listed Companies 1.41x
TSX:OGC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:OGC Share Price ÷ Book Value per Share (both in USD)

= 2.79 ÷ 2.52

1.11x

* Primary Listing of OceanaGold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • OceanaGold is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess OceanaGold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. OceanaGold has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

OGC Future Performance

 How is OceanaGold expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is OceanaGold expected to grow at an attractive rate?
  • OceanaGold's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • OceanaGold's earnings growth is expected to exceed the Canada market average.
  • OceanaGold's revenues are expected to decrease over the next 1-3 years, this is below the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:OGC Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:OGC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 24.2%
TSX:OGC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts -0.1%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 28%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:OGC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:OGC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 627 244 187 2
2022-12-31 772 312 210 3
2021-12-31 866 331 123 9
2020-12-31 799 313 88 13
2019-12-31 769 258 74 14
TSX:OGC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 755 308 90
2018-12-31 773 346 122
2018-09-30 835 429 199
2018-06-30 793 403 199
2018-03-31 759 383 180
2017-12-31 724 358 172
2017-09-30 626 259 126
2017-06-30 631 250 135
2017-03-31 629 253 149
2016-12-31 629 232 136
2016-09-30 625 215 117
2016-06-30 584 209 93

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • OceanaGold's earnings are expected to grow significantly at over 20% yearly.
  • OceanaGold's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:OGC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from OceanaGold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:OGC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.30 0.30 0.30 1.00
2022-12-31 0.33 0.43 0.23 2.00
2021-12-31 0.24 0.46 0.11 6.00
2020-12-31 0.14 0.22 0.11 8.00
2019-12-31 0.13 0.17 0.07 8.00
TSX:OGC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.14
2018-12-31 0.20
2018-09-30 0.32
2018-06-30 0.32
2018-03-31 0.29
2017-12-31 0.28
2017-09-30 0.20
2017-06-30 0.22
2017-03-31 0.24
2016-12-31 0.22
2016-09-30 0.19
2016-06-30 0.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • OceanaGold is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess OceanaGold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
OceanaGold has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

OGC Past Performance

  How has OceanaGold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare OceanaGold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • OceanaGold has delivered over 20% year on year earnings growth in the past 5 years.
  • OceanaGold's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • OceanaGold's 1-year earnings growth is negative, it can't be compared to the CA Metals and Mining industry average.
Earnings and Revenue History
OceanaGold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from OceanaGold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:OGC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 755.30 89.60 49.80
2018-12-31 772.50 121.70 47.90
2018-09-30 835.31 199.44 52.76
2018-06-30 793.31 199.44 53.96
2018-03-31 759.30 180.30 46.00
2017-12-31 724.40 171.80 44.80
2017-09-30 625.73 125.67 42.30
2017-06-30 631.32 134.67 45.06
2017-03-31 629.38 148.92 46.13
2016-12-31 628.63 136.45 49.50
2016-09-30 624.81 116.53 51.04
2016-06-30 584.01 92.76 48.74
2016-03-31 539.73 52.13 41.25
2015-12-31 507.99 53.07 36.81
2015-09-30 507.03 68.25 33.99
2015-06-30 520.29 78.21 32.79
2015-03-31 522.28 77.06 34.15
2014-12-31 563.33 111.54 34.54
2014-09-30 590.82 45.55 34.22
2014-06-30 624.60 72.40 33.24
2014-03-31 628.33 4.03 30.58
2013-12-31 553.61 -47.86 28.42
2013-09-30 502.49 4.50 24.43
2013-06-30 437.02 -39.63 21.18
2013-03-31 392.53 31.59 17.98
2012-12-31 385.45 20.67 14.91
2012-09-30 373.03 10.81 14.11
2012-06-30 385.34 22.12 14.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • OceanaGold has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • OceanaGold used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • OceanaGold has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess OceanaGold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
OceanaGold has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

OGC Health

 How is OceanaGold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up OceanaGold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • OceanaGold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • OceanaGold's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of OceanaGold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from OceanaGold Company Filings, last reported 2 months ago.

TSX:OGC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,568.00 185.70 86.50
2018-12-31 1,566.70 176.50 107.70
2018-09-30 1,573.30 180.20 69.70
2018-06-30 1,552.30 232.90 128.90
2018-03-31 1,526.70 235.50 89.10
2017-12-31 1,490.90 240.40 73.20
2017-09-30 1,405.75 316.04 61.19
2017-06-30 1,386.40 329.75 81.62
2017-03-31 1,367.53 332.81 70.59
2016-12-31 1,335.25 324.44 68.86
2016-09-30 1,321.69 298.27 88.07
2016-06-30 1,251.30 227.80 103.77
2016-03-31 1,159.20 195.21 117.90
2015-12-31 1,139.81 198.75 185.47
2015-09-30 681.01 98.94 45.89
2015-06-30 685.41 100.97 48.71
2015-03-31 699.74 104.43 59.57
2014-12-31 695.47 118.07 51.22
2014-09-30 657.19 152.65 46.82
2014-06-30 664.87 155.56 46.21
2014-03-31 662.95 169.18 42.06
2013-12-31 591.73 193.94 24.79
2013-09-30 605.38 244.91 14.67
2013-06-30 546.03 246.74 17.92
2013-03-31 620.92 250.14 27.37
2012-12-31 609.86 267.02 96.50
2012-09-30 499.25 251.59 24.17
2012-06-30 489.25 230.70 73.14
  • OceanaGold's level of debt (9.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (25.5% vs 9.6% today).
  • Debt is well covered by operating cash flow (205.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.5x coverage).
X
Financial health checks
We assess OceanaGold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. OceanaGold has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

OGC Dividends

 What is OceanaGold's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.07%
Current annual income from OceanaGold dividends. Estimated to be 0.9% next year.
If you bought CA$2,000 of OceanaGold shares you are expected to receive CA$21 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • OceanaGold's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.12%).
  • OceanaGold's dividend is below the markets top 25% of dividend payers in Canada (5.78%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:OGC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.3%
Canada Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:OGC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.02 1.00
2021-12-31 0.03 8.00
2020-12-31 0.03 10.00
2019-12-31 0.02 10.00
TSX:OGC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-19 0.030 1.008
2018-10-25 0.040 1.273
2018-07-26 0.040 1.352
2018-03-01 0.020 0.745
2018-02-22 0.020 0.744
2017-10-26 0.020 0.768
2017-07-27 0.000 0.000
2017-02-23 0.020 0.647
2016-02-18 0.040 1.272
2015-04-29 0.040 2.030

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • OceanaGold is not paying a notable dividend for Canada, therefore no need to check if the payments are stable.
  • OceanaGold is not paying a notable dividend for Canada, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of OceanaGold's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of OceanaGold's dividends as it is not paying a notable one for Canada.
Future Payout to shareholders
  • No need to calculate the sustainability of OceanaGold's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess OceanaGold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can OceanaGold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. OceanaGold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

OGC Management

 What is the CEO of OceanaGold's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mick Wilkes
COMPENSATION $2,793,274
TENURE AS CEO 8.4 years
CEO Bio

Mr. Michael Francis Wilkes, also known as Mick, B Eng (Hons), MBA, GAICD, has been the Chief Executive Officer and President of OceanaGold Corporation since January 2011. Mr. Wilkes has been the Managing Director of OceanaGold Corporation since April 28, 2011. Mr. Wilkes is a Mining Engineer with 35 years’ experience in precious and base metals across Australia and Asia. His career includes a strong emphasis on operations management and new mine development for base and precious metals, including the successful development and operation of five large greenfield mines in the last 16 years. He spent ten years in various project development roles in Papua New Guinea earlier in his career. He has been Non-Executive Director of Kingston Resources Limited since July 06, 2018. He served as an Executive General Manager of Operations at OZ Minerals Limited from June 17, 2009 to December 31, 2010. Mr. Wilkes served as General Manager of Prominent Hill Project of OZ Minerals Ltd. He served as a General Manager of Sepon Operations at Lane Xang Minerals Limited, a subsidiary of OZ Minerals Limited. He served as a General Manager of Sepon Operations at OZ Minerals Limited. He has been a Director at OceanaGold Corporation since April 28, 2011. He serves as a Director of Oceana Gold (New Zealand) Limited. Mr. Wilkes holds a Bachelor of Engineering (Honours) from University of Queensland and Master of Business Administration from Deakin University and is a member of the Australian Institute of Mining and Metallurgy, and the Australian Institute of Company Directors.

CEO Compensation
  • Mick's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mick's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the OceanaGold management team in years:

6.4
Average Tenure
  • The average tenure for the OceanaGold management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mick Wilkes

TITLE
President
COMPENSATION
$3M
TENURE
8.4 yrs

Scott McQueen

TITLE
Executive VP & CFO
COMPENSATION
$579K
TENURE
1.9 yrs

Michael Harvy Holmes

TITLE
Executive VP & COO
COMPENSATION
$2M
TENURE
6.6 yrs

Mark Cadzow

TITLE
Executive VP & Chief Development Officer
COMPENSATION
$973K
TENURE
6.8 yrs

Craig Feebrey

TITLE
Executive VP & Head of Exploration
COMPENSATION
$914K
TENURE
3.6 yrs

Sam Pazuki

TITLE
Vice President of Investor Relations

Liang Tang

TITLE
EVP, General Counsel & Company Secretary
TENURE
6.4 yrs

Cody Whipperman

TITLE
Executive VP & Head of Corporate Development
TENURE
1.1 yrs

Yuwen Ma

TITLE
Executive VP & Head of HR
TENURE
7.9 yrs

Sharon Flynn

TITLE
Executive VP and Head of External Affairs & Social Performance
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the OceanaGold board of directors in years:

4.9
Average Tenure
65
Average Age
  • The tenure for the OceanaGold board of directors is about average.
Board of Directors

Jim Askew

TITLE
Chairman of the Board
COMPENSATION
$266K
AGE
70
TENURE
12.4 yrs

Mick Wilkes

TITLE
President
COMPENSATION
$3M
TENURE
8.2 yrs

Paul Sweeney

TITLE
Director
COMPENSATION
$205K
AGE
68
TENURE
4.9 yrs

Geoff Raby

TITLE
Non-Executive Director
COMPENSATION
$186K
AGE
64
TENURE
7.8 yrs

NL Scheinkestel

TITLE
Non-Executive Director
COMPENSATION
$94K
AGE
58
TENURE
1.2 yrs

Ian Reid

TITLE
Non-Executive Director
COMPENSATION
$97K
AGE
63
TENURE
1.2 yrs

Craig Nelsen

TITLE
Non-Executive Director
AGE
66
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
15. Mar 19 Buy Nora Scheinkestel Individual 04. Mar 19 04. Mar 19 5,607 CA$4.16 CA$23,345
05. Mar 19 Sell Van Eck Associates Corporation Company 31. Jul 18 14. Feb 19 -3,576,953 CA$3.88 CA$-13,166,657
05. Mar 19 Buy Van Eck Associates Corporation Company 31. Aug 18 20. Feb 19 3,639,030 CA$3.90 CA$13,159,961
13. Nov 18 Buy Ian Reid Individual 13. Nov 18 13. Nov 18 12,000 CA$3.65 CA$43,800
25. Sep 18 Sell Michael Harvy Holmes Individual 21. Sep 18 21. Sep 18 -40,000 CA$4.20 CA$-168,000
19. Sep 18 Sell Mark Cadzow Individual 29. Aug 18 29. Aug 18 -15,000 CA$4.12 CA$-61,800
24. Aug 18 Sell Michael Harvy Holmes Individual 21. Aug 18 21. Aug 18 -20,000 CA$4.02 CA$-80,400
24. Aug 18 Sell Michael Wilkes Individual 23. Aug 18 23. Aug 18 -43,000 CA$4.04 CA$-173,720
02. Aug 18 Sell Van Eck Associates Corporation Company 03. Jul 18 25. Jul 18 -53,456 CA$3.72 CA$-188,982
02. Aug 18 Buy Van Eck Associates Corporation Company 28. Jun 18 20. Jul 18 1,482,772 CA$3.80 CA$5,379,593
X
Management checks
We assess OceanaGold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. OceanaGold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

OGC News

Simply Wall St News

Brief Commentary On OceanaGold Corporation's (TSE:OGC) Fundamentals

Excellent balance sheet and good value OGC's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. … Investors have the opportunity to buy into the stock to reap capital gains, if OGC's projected earnings trajectory does follow analyst consensus growth, which determines my intrinsic value of the company. … Also, relative to the rest of OGC's peers, it is also trading at a value below those of similar sizes in asset terms.

Simply Wall St -

Is OceanaGold Corporation's (TSE:OGC) CEO Paid At A Competitive Rate?

View our latest analysis for OceanaGold How Does Mick Wilkes's Compensation Compare With Similar Sized Companies? … According to our data, OceanaGold Corporation has a market capitalization of CA$2.3b, and pays its CEO total annual compensation worth US$2.8m. … The graphic below shows how CEO compensation at OceanaGold has changed from year to year.

Simply Wall St -

Is OceanaGold Corporation's (TSE:OGC) Stock Available For A Good Price After Accounting For Growth?

OceanaGold Corporation (TSE:OGC) is considered a high-growth stock, but its last closing price of CA$3.59 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … OGC is available at a PE (price-to-earnings) ratio of 18.47x today, which tells us the stock is overvalued based on current earnings compared to the Metals and Mining industry average of 12.94x , and overvalued compared to the CA market average ratio of 15.02x. … But, seeing as OceanaGold is perceived as a high-growth stock, we must also account for its earnings growth, which is captured in the PEG ratio.

Simply Wall St -

What Are Analysts Expecting From OceanaGold Corporation (TSE:OGC) Over The Next Year?

After OceanaGold Corporation's (TSE:OGC) earnings announcement on 31 March 2019, analyst forecasts seem bearish, as a 13% fall in profits is expected in the upcoming year compared with the past 5-year average growth rate of 24%. … I've plotted out each year's earnings expectations and inserted a line of best fit to calculate an annual growth rate from the slope in order to understand the overall trajectory of OGC's earnings growth over these next few years. … TSX:OGC Past and Future Earnings, May 13th 2019 By 2022, OGC's earnings should reach US$207m, from current levels of US$122m, resulting in an annual growth rate of 25%.

Simply Wall St -

Need To Know: OceanaGold Corporation (TSE:OGC) Insiders Have Been Selling Shares

So we'll take a look at whether insiders have been buying or selling shares in OceanaGold Corporation (TSE:OGC). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price

Simply Wall St -

OceanaGold Corporation (TSE:OGC): What Does The Future Look Like?

OceanaGold Corporation's (TSE:OGC) latest earnings update in December 2018a … showed … company

Simply Wall St -

Can You Imagine How OceanaGold's (TSE:OGC) Shareholders Feel About The 50% Share Price Increase?

OceanaGold Corporation (TSE:OGC) shareholders might be concerned after seeing the share price drop 18% in the last quarter. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … We can see that the OceanaGold share price is up 8.0% in the last three years.

Simply Wall St -

Don't Sell OceanaGold Corporation (TSE:OGC) Before You Read This

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 16.17 = $3.19 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.20

Simply Wall St -

Could OceanaGold Corporation's (TSE:OGC) Investor Composition Influence The Stock Price?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … It has a market capitalization of CA$2.5b, which means it would generally expect to see some institutions on the share registry. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

All You Need To Know About OceanaGold Corporation's (TSE:OGC) Financial Health

Mid-caps stocks, like OceanaGold Corporation (TSE:OGC) with a market capitalization of CA$2.8b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further.

Simply Wall St -

OGC Company Info

Description

OceanaGold Corporation engages in the exploration, development, and operation of mineral properties. The company operates the Didipio gold-copper mine on Luzon Island in the Philippines; the Macraes goldfield mine on the South Island of New Zealand; the Waihi gold mine on the North Island of New Zealand; and Haile gold mine located in South Carolina, United States of America. It also produces silver and other minerals. The company was incorporated in 2003 and is headquartered in Melbourne, Australia.

Details
Name: OceanaGold Corporation
OGC
Exchange: TSX
Founded: 2003
CA$2,327,308,627
622,275,034
Website: http://www.oceanagold.com
Address: OceanaGold Corporation
357 Collins Street,
Level 14,
Melbourne,
Victoria, 3000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX OGC Ordinary Shares The Toronto Stock Exchange CA CAD 27. Jun 2007
OTCPK OCAN.F Ordinary Shares Pink Sheets LLC US USD 27. Jun 2007
DB RQQ Ordinary Shares Deutsche Boerse AG DE EUR 27. Jun 2007
LSE 0VAQ Ordinary Shares London Stock Exchange GB CAD 27. Jun 2007
ASX OGC CHESS DEP INT Australian Securities Exchange AU AUD 19. Jun 2007
OTCPK OGDC.F CHESS DEP INT Pink Sheets LLC US USD 19. Jun 2007
DB RQQ1 CHESS DEP INT Deutsche Boerse AG DE EUR 19. Jun 2007
CHIA OGC CHESS DEP INT Chi-X Australia AU AUD 19. Jun 2007
Number of employees
Current staff
Staff numbers
2,287
OceanaGold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 01:13
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/07
Last earnings filing: 2019/04/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.