OceanaGold Q1 revenue rises on pricing strength

OceanaGold

06/05/2026 22:14

Overview

Canada-based gold and copper miner's Q1 revenue rose yr/yr

Adjusted EPS for Q1 more than doubled yr/yr

Company completed $77 mln in share repurchases, cash balance up 30%

Outlook

Company did not provide specific quantitative guidance for the current quarter or full year in the press release

Result Drivers

HIGHER GOLD PRICE - Record average realized gold price of $4,894/oz supported record revenue and cash flow

STABLE PRODUCTION - Gold and copper production in line with full year plan, contributing to strong operating cash flow

GROWTH PROJECTS - Updated technical reports and exploration at Wharekirauponga extended mine lives and highlighted resource potential

Company press release: ID:nPn8JnCCta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$714.5 mln
$738 mln (1 Analyst)
Q1 Net Income
$228.4 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for OceanaGold Corp is C$65.00, about 61.9% above its May 5 closing price of C$40.16

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)