OceanaGold Q4 revenue hits record level; co plans to double share buyback in 2026

OceanaGold

18/02/2026 22:13

Overview

Canadian gold and copper producer's Q4 revenue reached record levels

Company reported record Q4 net profit of $328 mln

Company plans to triple dividend and double share buyback in 2026

Outlook

Oceanagold projects 2026 gold production growth of ~12% to 520,000-590,000 ounces

Company expects 7% reduction in 2026 AISC to $1,750-$1,900 per ounce

Oceanagold plans $340 mln investment in growth and exploration in 2026

Result Drivers

GOLD PRODUCTION INCREASE - Q4 gold production rose 52% from the prior quarter, with all four sites contributing to the increase

AISC REDUCTION - Q4 All-In Sustaining Costs were 25% lower, contributing to improved profitability

HIGH GOLD PRICE - Record average realized gold price of $4,227 per ounce boosted revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$652 mln
Q4 Net Income
$328 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "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$59.00, about 18.5% above its February 17 closing price of C$49.80

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nPn1vQcV1a

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(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.)