# OceanaGold (OGC.US)

Canonical: https://gigainvestors.com/s/OGC

Analysis as of: 2026-10-16T07:30:51.071Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $26.65 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Sarah Ketterer](https://gigainvestors.com/CAU): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 37% since Feb 2026

Story as of 2026-10-16T10:01:27.920Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in gold; annual sales are USD 1.9 billion.

- Source: https://assets.oceanagold.com/documents/Reports/Quarterly-Results/2025/Q4/OceanaGold-FS-2025-Q4-FINAL.pdf#reviewed-original-annual-table (filed 2026-10-16T07:30:51.071Z); FY2025: revenue 1893200000; grossProfit 877500000; margin = grossProfit / revenue.

### Why customers stay

Margins ranged from 28.8% to 46.4% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:30:51.071Z); FY2023: grossProfit / revenue = 29.1%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:30:51.071Z); FY2024: grossProfit / revenue = 28.8%.

- Source: https://assets.oceanagold.com/documents/Reports/Quarterly-Results/2025/Q4/OceanaGold-FS-2025-Q4-FINAL.pdf (filed 2026-10-16T07:30:51.071Z); FY2025: grossProfit / revenue = 46.4%.

### Where the cash goes

Spends 30.3% of cash earnings on expansion; paid dividends in 3 of 3 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:30:51.071Z); FY2022: growth capex 0; upkeep 281700000; owner earnings 52100000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:30:51.071Z); FY2023: growth capex 103834494.70168796; upkeep 246065505.29831204; owner earnings 65834494.70168796. Growth capex / owner earnings = 1.5772050073777766.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:30:51.071Z); FY2024: growth capex 59000000; upkeep 321200000; owner earnings 187400000. Growth capex / owner earnings = 0.31483457844183566.

- Source: https://assets.oceanagold.com/documents/Reports/Quarterly-Results/2025/Q4/OceanaGold-FS-2025-Q4-FINAL.pdf (filed 2026-10-16T07:30:51.071Z); FY2025: growth capex 190800000; upkeep 252000000; owner earnings 628700000. Growth capex / owner earnings = 0.30348337839987277.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:30:51.071Z); Dividend observations: [[2023,14300000],[2024,14100000],[2025,27700000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://assets.oceanagold.com/documents/Reports/Quarterly-Results/2025/Q4/OceanaGold-FS-2025-Q4-FINAL.pdf (filed 2026-10-16T07:30:51.071Z); FY2025: cash repurchases 175100000 USD.

### Are managers owners

Insiders own 0.3% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); OGC.US SharesStats.PercentInsiders = 0.328 percentage points; cache date 2026-10-16.

### What the price says

The price is 3.3 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:30:51.071Z); Closing price 26.65 USD; reporting-to-trading FX 1; FY2025 annual sales per share 8.107922912205568; price multiple 3.2869084090428897. FY2025 cash earnings/share 2.6925053533190577. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-11: $8.31 per share

- 2016-12: $8.70 per share

- 2017-01: $10.44 per share

- 2017-02: $8.55 per share

- 2017-03: $8.91 per share

- 2017-04: $9.81 per share

- 2017-05: $10.08 per share

- 2017-06: $9.09 per share

- 2017-07: $8.19 per share

- 2017-08: $9.36 per share

- 2017-09: $9.06 per share

- 2017-10: $8.10 per share

- 2017-11: $7.74 per share

- 2017-12: $7.77 per share

- 2018-01: $8.22 per share

- 2018-02: $8.01 per share

- 2018-03: $8.07 per share

- 2018-04: $8.04 per share

- 2018-05: $7.32 per share

- 2018-06: $8.40 per share

- 2018-07: $9.24 per share

- 2018-08: $8.85 per share

- 2018-09: $9.06 per share

- 2018-10: $8.55 per share

- 2018-11: $8.70 per share

- 2018-12: $10.92 per share

- 2019-01: $10.74 per share

- 2019-02: $9.63 per share

- 2019-03: $9.51 per share

- 2019-04: $8.49 per share

- 2019-05: $8.37 per share

- 2019-06: $8.13 per share

- 2019-07: $8.07 per share

- 2019-08: $7.14 per share

- 2019-09: $7.83 per share

- 2019-10: $7.14 per share

- 2019-11: $5.79 per share

- 2019-12: $5.94 per share

- 2020-01: $6.27 per share

- 2020-02: $4.41 per share

- 2020-03: $2.88 per share

- 2020-04: $4.62 per share

- 2020-05: $6.12 per share

- 2020-06: $6.96 per share

- 2020-07: $7.89 per share

- 2020-08: $6.90 per share

- 2020-09: $4.59 per share

- 2020-10: $3.90 per share

- 2020-11: $3.78 per share

- 2020-12: $5.88 per share

- 2021-01: $5.28 per share

- 2021-02: $4.32 per share

- 2021-03: $4.50 per share

- 2021-04: $5.01 per share

- 2021-05: $6.33 per share

- 2021-06: $5.73 per share

- 2021-07: $5.82 per share

- 2021-08: $5.61 per share

- 2021-09: $4.95 per share

- 2021-10: $5.64 per share

- 2021-11: $5.43 per share

- 2021-12: $5.19 per share

- 2022-01: $4.56 per share

- 2022-02: $5.70 per share

- 2022-03: $6.66 per share

- 2022-04: $7.47 per share

- 2022-05: $7.05 per share

- 2022-06: $5.73 per share

- 2022-07: $5.43 per share

- 2022-08: $4.47 per share

- 2022-09: $4.92 per share

- 2022-10: $4.38 per share

- 2022-11: $5.22 per share

- 2022-12: $5.70 per share

- 2023-01: $6.54 per share

- 2023-02: $6.12 per share

- 2023-03: $7.41 per share

- 2023-04: $6.87 per share

- 2023-05: $6.51 per share

- 2023-06: $5.91 per share

- 2023-07: $6.27 per share

- 2023-08: $6.42 per share

- 2023-09: $5.88 per share

- 2023-10: $5.04 per share

- 2023-11: $5.22 per share

- 2023-12: $5.76 per share

- 2024-01: $5.91 per share

- 2024-02: $5.01 per share

- 2024-03: $6.81 per share

- 2024-04: $6.48 per share

- 2024-05: $6.87 per share

- 2024-06: $6.90 per share

- 2024-07: $7.41 per share

- 2024-08: $7.83 per share

- 2024-09: $8.52 per share

- 2024-10: $8.52 per share

- 2024-11: $9.48 per share

- 2024-12: $8.28 per share

- 2025-01: $8.97 per share

- 2025-02: $8.04 per share

- 2025-03: $10.02 per share

- 2025-04: $10.56 per share

- 2025-05: $13.29 per share

- 2025-06: $14.09 per share

- 2025-07: $13.60 per share

- 2025-08: $18.20 per share

- 2025-09: $21.34 per share

- 2025-10: $22.30 per share

- 2025-11: $25.71 per share

- 2025-12: $28.30 per share

- 2026-01: $32.36 per share

- 2026-02: $42.52 per share

- 2026-03: $31.45 per share

- 2026-04: $30.88 per share

- 2026-05: $30.20 per share

- 2026-06: $25.08 per share

- 2026-07: $24.13 per share

- 2026-08: $29.40 per share

- 2026-09: $27.53 per share

- 2026-10: $27.60 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original annual-report filing](https://assets.oceanagold.com/documents/Reports/Quarterly-Results/2025/Q4/OceanaGold-FS-2025-Q4-FINAL.pdf); period 2025-12-31, filed see filing.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.