# OceanaGold Corporation (OGC.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$42.32, market value C$9.4 billion.

## Valuation
- **P/E (trailing): 8.1×** (5-yr avg 40.7×, 3-yr avg 40.5×). OceanaGold Corporation trades at 8.1× trailing earnings, well below its own five-year average of 40.7×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 8.5×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.01**. A PEG of 0.01 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.8×**. Each dollar of revenue is priced at 2.8×.
- **Price / book: 2.7×**. The shares trade at 2.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 4.1×**. Enterprise value is 4.1× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 10.8%** (5-yr avg 1.9%). Free cash flow equals 10.8% of the market value, above its five-year average of 1.9%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 12.3%**. The inverse of the P/E: 12.3% of the price is earned each year.

## Profitability
- **Gross margin: 54.1%**. OceanaGold Corporation keeps 54.1% of revenue after the direct cost of what it sells.
- **Operating margin: 44.7%**. 44.7% of revenue is left after running the business, an exceptional level.
- **Net margin: 33.2%**. 33.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 28.3%**. 28.3% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 42.0%**. Return on all capital, debt included, is 42.0%: comfortably above what that capital costs.
- **Return on assets: 25.3%**. Each dollar of assets produces 25.3% of profit.

## Growth
- **Revenue growth (1 yr): 48.9%** (3-yr 25.8%/yr, 5-yr 31.0%/yr). Revenue grew 48.9% over the last year, against 31.0% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 953.8%** (3-yr 147.8%/yr). Earnings per share rose 953.8%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 85.0%/yr**. Free cash flow has compounded at 85.0% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.04**. Debt is 0.04 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. OceanaGold Corporation holds more cash than debt.
- **Interest coverage: 70.2×**. Operating profit covers interest 70.2× over, a safe margin.
- **Current ratio: 1.45** (quick 1.02). Current assets cover the next year's liabilities 1.45 times.
- **Altman Z-score: 7.63**. A Z-score of 7.63 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.99%** (C$0.42 per share, trailing). OceanaGold Corporation yields 0.99%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 4%** (7% of free cash flow). 4% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Shareholder yield: 4.9%**. Dividends plus net buybacks return 4.9% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (11 analysts). 11 analysts cover OceanaGold Corporation; the consensus is buy, with an average price target of C$59.26 (+40% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 63.5%** (YTD 9.4%, 3-mo 18.0%). The shares are up 63.5% over twelve months including dividends.
- **From 52-week high: -28.5%** (59.5% above the low). Trading 29% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 2.75** (volatility 54%). Beta of 2.75 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=OGC.TO · Page: https://foliofundamentals.com/stocks/ogc.to

Not investment advice.