OceanaGold (OGC) AI Stock Analysis

• Market Cap: $3.93B
• Dividend Yield: 0.5%
• Average Volume (3M): 2.34M
• Price to Earnings (P/E): 9.8
• Beta (1Y): 1.31
• Revenue Growth: 35.81%
• EPS Growth: 693.32%
• Country: CA
• Employees: 2,146
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.20
• Shares Outstanding: 702,471,000
• 10 Day Avg. Volume: 2,828,629
• 30 Day Avg. Volume: 2,338,174
• PEG Ratio: 0.21
• Price to Book (P/B): 1.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.06
• Enterprise Value/Market Cap: 0.67
• Enterprise Value/Revenue: 0.55
• Enterprise Value/Gross Profit: 5.39
• Enterprise Value/Ebitda: 1.33
• 1Y Price Target: $6.54
• Price Target Upside: 16.96% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

OceanaGold's stock is rated highly due to its strong financial performance, evidenced by significant revenue and profit growth, and excellent cash management. Technical indicators support a positive market trend, and a reasonable valuation adds to its appeal. The optimistic earnings call further reinforces the company's robust outlook, despite minor operational challenges.

Positive Factors

Analyst Rating

Analyst rates OceanaGold shares Outperform, believing shares have the potential to re-rate closer to peer averages as the company executes on ramping up underground operations at Didipio, optimizing Haile and its New Zealand operations, and growing its resource base.

Exploration Investment

OGC looks to build on this success, budgeting $40M for exploration across all four sites, the highest exploration budget in five years.

Mineral Reserves

Total mineral reserves increased 27% to 6.2Moz Au, net of mining depletion at a 15% higher grade.

Negative Factors

Conservative Guidance

Updated mid-term guidance was slightly more conservative, featuring both lower gold production and higher AISC.

High Costs

High costs are due to the use of modified Avoca mining methods to address challenging geotechnical conditions and challenging remnant mining.

Production Guidance

Updated 2025 and 2026 guidance for gold production were both lower than previously disclosed.

OceanaGold Business Overview & Revenue Model

Company Description

OceanaGold Corporation (OGC) is a multinational gold producer with operations in the Americas and Asia-Pacific region. The company is engaged in the exploration, development, and production of gold, silver, and copper, with core assets in New Zealand, the Philippines, and the United States. OceanaGold is committed to responsible mining practices and sustainable development, contributing to the economic growth of the regions where it operates.

How the Company Makes Money

OceanaGold makes money primarily through the mining, production, and sale of gold. The company's key revenue streams include the extraction and processing of gold ore, which is then sold in the form of gold bullion. OceanaGold also generates revenue from the sale of by-products such as silver and copper, which are extracted during the gold mining process. Significant partnerships with local governments and stakeholders in the mining regions contribute to its earnings by ensuring stable operations and access to necessary resources. Additionally, the company benefits from fluctuations in global gold prices, which can significantly impact its revenue.

OceanaGold Financial Statement Overview

Summary

OceanaGold demonstrates strong financial performance with significant revenue and profit growth. The income statement shows a robust revenue increase and high profit margins. The balance sheet is stable with low leverage and strong equity. Cash flow analysis indicates healthy cash generation and efficient management.

Income Statement

OceanaGold's income statement shows robust performance with strong growth trends. The TTM (Trailing-Twelve-Months) revenue reached $1.38 billion, a significant increase from previous years. Gross profit margin stands at 35.5%, indicating efficient production. Net profit margin improved to 21.2%, reflecting enhanced profitability. The company exhibits a solid revenue growth rate of 27.9% year-over-year from 2023 to 2024, with a notable increase in EBIT and EBITDA margins, highlighting operational efficiency improvements.

Balance Sheet

The balance sheet reveals a stable financial position with an equity ratio of 73.6%, underscoring a strong capital structure. The debt-to-equity ratio is low at 0.03, indicating minimal leverage and reduced financial risk. Return on equity (ROE) is an impressive 15.4%, showcasing effective use of equity to generate profits. The company's robust stockholder's equity of $1.90 billion enhances its financial resilience.

Cash Flow

Cash flow analysis reflects a healthy cash generation capacity. Operating cash flow of $690.2 million supports strong operational cash generation relative to net income, with an operating cash flow to net income ratio of 2.35. Free cash flow grew by 30.7% year-over-year, indicating improved cash management and reinvestment potential. The free cash flow to net income ratio of 0.95 shows efficient cash conversion from earnings.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.38B	1.29B	1.03B	984.70M	744.70M	500.10M
	Gross Profit
490.80M	372.30M	298.70M	259.80M	232.70M	45.10M
	EBIT
400.40M	274.40M	187.80M	192.90M	146.80M	-37.30M
	EBITDA
691.90M	590.80M	369.80M	378.90M	166.40M	144.10M
	Net Income Common Stockholders
293.90M	187.40M	83.10M	132.60M	-3.70M	-150.40M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
227.60M	193.50M	61.70M	83.20M	133.00M	179.00M
	Total Assets
2.59B	2.49B	2.45B	2.29B	2.26B	2.25B
	Total Debt
61.20M	71.60M	231.80M	253.40M	370.90M	312.90M
	Net Debt
-166.40M	-121.90M	170.10M	170.20M	237.90M	133.90M
	Total Liabilities
579.30M	562.60M	713.20M	617.30M	710.00M	688.40M
	Stockholders Equity
1.90B	1.82B	1.73B	1.67B	1.55B	1.56B
Cash Flow		Free Cash Flow
279.50M	213.70M	34.30M	87.00M	-63.30M	-54.90M
	Operating Cash Flow
690.20M	593.90M	384.20M	368.70M	261.40M	198.80M
	Investing Cash Flow
-378.00M	-348.70M	-341.80M	-280.80M	-315.80M	-225.80M
	Financing Cash Flow
-175.60M	-120.50M	-57.80M	-130.20M	25.10M	159.50M

OceanaGold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.59
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OGC, the sentiment is Positive. The current price of 5.59 is above the 20-day moving average (MA) of 5.23, above the 50-day MA of 4.79, and above the 200-day MA of 4.16, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 59.49 is Neutral, neither overbought nor oversold. The STOCH value of 59.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:OGC.

OceanaGold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OGC	81 Outperform	$3.93B	9.75	16.21%	0.50%	35.81%	693.32%
DPM	79 Outperform	C$3.27B	10.73	19.71%	1.19%	10.57%	24.23%
KNT	75 Outperform	C$3.04B	12.09	39.28%	―	105.06%	481.75%
SSL	73 Outperform	$3.37B	83.43	2.05%	0.69%	6.23%	36.40%
SSRM	68 Neutral	$3.05B	26.61	2.71%	0.76%	-16.65%	―
TXG	68 Neutral	$3.55B	19.38	8.12%	―	20.97%	-24.55%
Sector *	50 Neutral	$1.98B	-1.06	-21.29%	3.61%	1.95%	-30.60%

OceanaGold Corporate Events

OceanaGold Reports Strong Q1 2025 Results and Announces New Discoveries

OceanaGold Corporation reported strong first-quarter 2025 results, producing 117,400 ounces of gold and 3,400 tonnes of copper, marking a 12% increase from the previous year. The company achieved a net profit of $101 million and maintained a robust financial position with zero debt and a cash balance of $228 million. OceanaGold announced a new mineral discovery at Haile and high-grade drill results at Wharekirauponga, indicating promising future growth. The company is on track with its production and cost guidance for the year and plans to continue investing in growth opportunities, including the Waihi North Project, which is in the fast-track permitting process. Additionally, OceanaGold has approved a share buyback program and declared a quarterly dividend, reflecting its commitment to enhancing shareholder value.

Spark’s Take on TSE:OGC Stock

According to Spark, TipRanks’ AI Analyst, TSE:OGC is a Outperform.

OceanaGold demonstrates strong financial health with significant growth potential in the mining sector. Its robust financial performance and positive earnings call sentiment are key strengths. Technical indicators show a stable trend, while the valuation remains reasonable, providing a balanced risk-reward profile.

To see Spark’s full report on TSE:OGC stock, click here.

OceanaGold Announces Q1 2025 Results Release and Virtual AGM

OceanaGold Corporation announced the release of its first quarter 2025 operational and financial results scheduled for May 7, 2025, followed by a conference call on May 8, 2025. The company also plans to hold its Annual General and Special Meeting of Shareholders on June 4, 2025, which will be conducted virtually. These announcements reflect OceanaGold’s ongoing commitment to transparency and shareholder engagement, potentially impacting investor confidence and market positioning.

Spark’s Take on TSE:OGC Stock

According to Spark, TipRanks’ AI Analyst, TSE:OGC is a Outperform.

OceanaGold demonstrates strong financial health with significant growth potential in the mining sector. Its robust financial performance and positive earnings call sentiment are key strengths. Technical indicators show a stable trend, while the valuation remains reasonable, providing a balanced risk-reward profile.

To see Spark’s full report on TSE:OGC stock, click here.

OceanaGold Advances Waihi North Project with Fast-Track Application and New Discoveries

OceanaGold has submitted an application for fast-track approval for its Waihi North Project in New Zealand, which includes the Wharekirauponga Underground. This move is expected to expedite the permitting process by the end of 2025, marking a significant milestone in the project’s development. The company also reported promising results from its exploration program at Wharekirauponga, with high-grade mineralization identified in several drill holes. These developments underscore OceanaGold’s commitment to expanding its resource base and enhancing its position in the gold mining industry.

OceanaGold Unveils New Discovery and Boosts Exploration Budget at Haile

OceanaGold has announced a new discovery and high-grade drill results at the Haile Gold Mine in the United States, highlighting the potential of the Pisces and Horseshoe areas. The company has increased its 2025 exploration budget by 20% to $10 million, reflecting its commitment to enhancing shareholder value through exploration success.

OceanaGold Unveils New Discovery and Boosts Exploration Budget at Haile Mine

OceanaGold has announced a significant new discovery and high-grade drill results at its Haile Gold Mine in the United States. The exploration success at Haile, particularly the Pisces and Horseshoe areas, has led to an increase in the 2025 exploration budget by 20% to $10 million, the largest since the mine’s production began. This move underscores the company’s strategy to enhance shareholder value through exploration, with the new findings potentially benefiting mining operations due to their proximity to existing infrastructure.

OceanaGold Strengthens Board with New Appointment

OceanaGold Corporation has appointed Stefanie Loader as a Non-Executive Director to its Board of Directors. Loader brings extensive experience in geology, mining operations, and corporate strategy, with a history of leadership roles in major mining companies such as Rio Tinto and CMOC International. Her appointment is expected to enhance OceanaGold’s board with her expertise in mineral exploration and project development, potentially influencing the company’s strategic direction and value for shareholders.

OceanaGold Reports 27% Increase in Mineral Reserves for 2024

OceanaGold has reported a significant increase in its mineral reserves and resources for the year ending 2024, with a 27% rise in mineral reserves totaling 6.2 million ounces of gold, net of mining depletion, at a higher average grade. Key developments include the declaration of initial mineral reserves at Wharekirauponga and increases in reserves at Didipio, alongside a boost in indicated mineral resources at Waihi and Macraes. This growth reflects the company’s strategic focus on value creation through exploration, underscored by a planned $40 million investment in exploration for 2025, marking its highest budget in five years.

OceanaGold Achieves Record Production and Financial Milestones in 2024

OceanaGold Corporation has reported its financial and operational results for the fourth quarter and full year of 2024, achieving record outcomes. The company met its updated production guidance with a substantial increase in annual production, resulting in a record net profit of $192 million and free cash flow of $245 million. Key achievements include a doubling of the annual dividend and plans to repurchase up to $100 million of shares in 2025, highlighting a robust financial position.