OceanaGold Corporation (OGC) AI Stock Analysis
OGC AI stock analysis summary
AI ResearchOceanaGold Corporation is a gold and copper mining company operating across the United States, the Philippines, and New Zealand. Revenue grew 46.3% in FY2025 to reach $1.89B, while net income rose to $628.7M. With a trailing price-to-earnings ratio of 7.2x and net cash of $604.7M as of June 30, 2026, the company pairs high profitability with low leverage.
- Market cap
- $6.01B
- Revenue (TTM)
- $2.46B
- P/E
- 7.2x fwd 8.6x
- 1Y return
- 4.5% S&P 500 16.8%
- Avg. target
- —
Bull case
- OceanaGold produced $541.4M in free cash flow in FY2025, backed by an operating margin of 41.1%.
- The balance sheet carries $604.7M in net cash with a low debt-to-equity ratio of 0.02 as of June 30, 2026.
- The stock trades at a trailing price-to-earnings ratio of 7.2x, substantially lower than the median of its US-listed Basic Materials peers at 19.7x.
Bear case
- Analyst consensus forecasts revenue growth to decelerate sharply to 0.6% in the next fiscal year following $2.67B projected in FY2026.
- The stock has a high beta of 1.50 and sits 10.9% below its 200-day average as of October 16, 2026.
- Over the past year, the stock's return of 4.5% trailed the S&P 500 return of 16.8%.
What OceanaGold does
OceanaGold Corporation engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand. The company explores for gold, copper, and silver deposits. Headquartered in Vancouver, Canada, OceanaGold was founded in 1990. Its operations generate revenue through the extraction and sale of precious and base metals from its mining assets across North America and the Asia-Pacific region.
Growth and profitability
OceanaGold achieved a 3-year revenue compound annual growth rate of 25.1% from FY2022 to FY2025. Annual revenue expanded from $967.4M in FY2022 to $1.03B in FY2023, $1.29B in FY2024, and $1.89B in FY2025, representing 46.3% growth in FY2025. Gross margin expanded from 26.9% in FY2022 to 46.4% in FY2025, while operating margin rose to 41.1%. Net income reached $628.7M in FY2025, up from $187.4M in FY2024. For the trailing twelve months ended June 30, 2026, revenue stood at $2.46B with a profit margin of 35.1%. In the latest quarter ended June 30, 2026, quarterly revenue increased 49.7% year-over-year, and quarterly earnings grew 102.0%.
Balance sheet and cash flow
As of June 30, 2026, OceanaGold held $654.8M in cash and short-term investments against total debt of $50.1M, yielding a net cash position of $604.7M. The company reported a current ratio of 1.63 and a debt-to-equity ratio of 0.02, backed by $2.54B in shareholders' equity and $3.60B in total assets. In FY2025, operating cash flow reached $984.2M and free cash flow totaled $541.4M. Capital expenditures consumed $442.8M, while $175.1M was returned via share buybacks and $27.7M through dividends.
Valuation and performance
OceanaGold closed at $27.03 on October 16, 2026, giving it a market capitalization of $6.01B and an enterprise value of $5.63B. The stock trades at a trailing price-to-earnings ratio of 7.2x and a forward price-to-earnings ratio of 8.6x, both below the median of its US-listed Basic Materials peers of 19.7x and 13.4x, respectively. Its enterprise value-to-EBITDA ratio is 3.6x compared to 10.5x for peers, while price-to-sales stands at 2.4x versus 1.8x for peers. Over the past year, the stock returned 4.5% compared to 16.8% for the S&P 500, but over 5 years its 397.3% return outperformed the index return of 83.0%.
OGC dividend
OceanaGold pays a quarterly dividend with a forward annual payout of $0.30 per share, representing a dividend yield of 1.11%. The dividend is supported by a payout ratio of 7.9% and has been paid for 4 consecutive years. The company's last ex-dividend date was August 19, 2026.
What analysts expect
For the current fiscal year ending December 31, 2026, consensus revenue estimates stand at $2.67B. Looking ahead to the next fiscal year, analysts project revenue of $2.68B, indicating expected revenue growth of 0.6%. The company's upcoming earnings release is scheduled for November 4, 2026, following recent momentum that included trailing twelve months earnings per share of $3.77.
Key risks and what to watch
- OceanaGold trades at $27.03, well below its 52-week high of $43.33, reflecting substantial price volatility.
- Revenue growth is estimated at just 0.6% for the next fiscal year compared to 46.3% growth delivered in FY2025.
- Capital expenditures of $442.8M in FY2025 highlight the high capital requirements of its mining operations.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this OGC AI stock analysis
This page is an AI-written research summary of OceanaGold Corporation (OGC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: OGC income statement, OGC balance sheet, OGC key metrics, OGC analyst forecast, OGC chart. See the OGC stock overview for the latest quote and news.
OGC AI stock analysis FAQ
What does OceanaGold Corporation do?
OceanaGold Corporation engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand. It explores for deposits of gold, copper, and silver.
Does OceanaGold pay a dividend?
Yes, OceanaGold pays a quarterly dividend with an annual forward rate of $0.30 per share, yielding 1.11% with a payout ratio of 7.9%.
What is OceanaGold's debt and liquidity position?
As of June 30, 2026, OceanaGold held $654.8M in cash and short-term investments against $50.1M in total debt, giving it a net cash balance of $604.7M and a current ratio of 1.63.
How has OceanaGold performed compared to the S&P 500?
Over 1 year, OceanaGold returned 4.5% versus 16.8% for the S&P 500, but over 5 years its 397.3% return significantly outpaced the index return of 83.0%.
When does OceanaGold report earnings next?
OceanaGold's next earnings date is scheduled for November 4, 2026.