- OceanaGold reported fourth-quarter gold production of 150,900 ounces, exceeding the estimated 146,419 ounces.
- The company’s net income was $102.7 million, slightly below the estimated $111.4 million.
- Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to $246.4 million, surpassing the estimated $232.4 million.
- The all-in sustaining cost per ounce of gold was $1,563.
- For the full year 2024, OceanaGold produced 488,800 ounces of gold and 12,300 tonnes of copper, fulfilling its updated production guidance.
- The company anticipates continued strong Free Cash Flow in 2025 and expects a significant increase in both gold production and Free Cash Flow in 2026.
- In 2024, OceanaGold completed several important milestones, including the IPO of OceanaGold Philippines, the ramp-up of Haile’s Horseshoe underground mine, and favorable pre-feasibility study results in the Waihi District.
- Analysts have issued 10 buy recommendations, with no holds or sells.
A look at OceanaGold Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, OceanaGold Corp shows promising long-term potential. The company excels in value and momentum, indicating strong financial health and positive market sentiment. The high value score suggests that the stock is priced attractively relative to its fundamental metrics, making it an appealing investment option. Additionally, the momentum score reflects growing investor interest and confidence in OceanaGold’s future prospects.
While OceanaGold Corp‘s dividend, growth, and resilience scores are not as high as value and momentum, they still demonstrate stability and moderate growth potential. The company’s operations in New Zealand and the Philippines provide a diversified asset base and growth opportunities. Overall, OceanaGold Corp appears well-positioned for steady performance and potential value appreciation in the long term.
Summary: OceanaGold Corporation is a gold mining and exploration company with interests in projects in New Zealand and the Philippines. The company’s Smartkarma Smart Scores indicate a positive outlook, particularly in terms of value and momentum, highlighting its financial strength and market appeal.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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