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Gold miner operating mines in the US, New Zealand and the Philippines.
Gold miner operating mines in the US, New Zealand and the Philippines.
Sells what it digs at the market price of gold, with Didipio also shipping a gold-copper concentrate, so earnings turn on ounces produced and cost per ounce. The Philippine mine was halted from 2019 to 2021 over its licence and has since restarted. Income is spread across three countries.
Moat: narrow (installed base). Established mines across three jurisdictions diversify country and operating risk.
Headquarters: Vancouver, Canada · Employees: 5,400
Size OceanaGold (OGC.TO) is a Canada Materials company (Precious Metals) with a market value of $6.27B, the 104th largest of 420 Canada companies the cockpit tracks. Shares closed at C$39.47 on 6 Nov 2026.
Performance Over six months the shares fell 4.8%, against +0.4% for the median peer and +5.2% for the Canada market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 55.9% over the last twelve months (peer median +62.5%); the operating margin is 44.3% (peer median 45.9%).
Valuation It trades at 7.1× forward earnings against a peer median of 12.6× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +29%, so the hurdle is -35 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 25.6 points above its cost of capital (11.1% WACC).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$3.40B | C$2.65B | C$1.77B | C$1.39B | C$1.26B |
| Revenue growth | — | +49% | +28% | +10% | — |
| Gross profit | C$1.76B | C$1.23B | C$514M | C$403M | C$338M |
| EBITDA | C$1.94B | C$1.39B | C$816M | C$511M | C$513M |
| Net income | C$1.20B | C$878M | C$257M | C$112M | C$173M |
| Free cash flow | C$1.00B | C$756M | C$317M | C$46.3M | C$113M |
| Capital expenditure | C$749M | C$619M | C$521M | C$472M | C$367M |
| Total debt | C$71.1M | C$68.7M | C$103M | C$306M | C$343M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| OceanaGold OGC.TO | $6.27B | -5% | +56% | 44% | 7.1× | -5.4% |
| B2Gold BTO.TO | $7.19B | +13% | +72% | 46% | 6.1× | -7.0% |
| Perseus Mining PRU.AX | $5.77B | +11% | +13% | 48% | 11.8× | -1.1% |
| Eldorado Gold ELD.TO | $9.37B | +11% | +25% | 45% | 7.7× | n/a |
| Kinross Gold K.TO | $26.4B | -25% | +30% | 51% | 8.5× | -3.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | OGC.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.8% | -0.5% | 6th highest of 21 |
| 6-month return | -4.8% | +0.4% | 9th lowest of 21 |
| Distance from 52-week high | -33.3% | -23.9% | 7th lowest of 21 |
| Revenue growth (TTM) | +55.9% | +62.5% | 9th lowest of 20 |
| Operating margin | 44.3% | 45.9% | 8th lowest of 20 |
| Forward P/E | 7.1× | 12.6× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -5.4% | 0.7% | 4th least demanding of 16 |
| Growth delivered (Del g) | +29.2% | +26.4% | 6th highest of 14 |
| Hurdle (Req g minus delivered) | -34.5 pp | -20.4 pp | 4th least demanding of 14 |
| ROIC minus cost of capital | +25.6 pp | +15.1 pp | 7th highest of 21 |
| EV / EBITDA | 4.2× | 7.9× | 4th cheapest of 18 |
| Net debt / EBITDA | -0.4× | -0.2× | 9th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| OceanaGold OGC.TO | Canada | $6.27B | -5% | +56% | 44% | 7.1× | -5.4% | +29.2% |
| Sibanye Stillwater Limited Sponsored ADR SBSW | United States | $6.30B | -29% | +59% | 26% | 5.9× | n/a | n/a |
| Triple Flag Precious Metals TFPM.TO | Canada | $6.54B | +1% | +45% | 63% | 24.7× | n/a | n/a |
| Artemis Gold ARTG.V | Canada | $6.76B | +18% | +148% | 71% | 11.3× | 6.6% | n/a |
| Perseus Mining PRU.AX | Australia | $5.77B | +11% | +13% | 48% | 11.8× | -1.1% | +26.4% |
| OR Royalties OR.TO | Canada | $6.81B | 0% | +68% | 77% | 29.5× | n/a | n/a |
| Genesis Minerals GMD.AX | Australia | $5.73B | +6% | +89% | 45% | 15.1× | 7.2% | +182.9% |
| SSR Mining SSRM | United States | $5.66B | -17% | +39% | 42% | 8.1× | n/a | n/a |
| B2Gold BTO.TO | Canada | $7.19B | +13% | +72% | 46% | 6.1× | -7.0% | +12.3% |
| Compania de Minas Buenaventura SAA Sponsored ADR BVN | United States | $7.25B | -21% | +64% | 45% | 6.5× | -14.1% | +20.7% |
| First Majestic Silver AG.TO | Canada | $7.52B | -27% | +96% | 44% | 18.1× | 9.2% | +29.2% |
| Greatland Resources GGP.AX | Australia | $5.11B | -31% | +118% | 52% | 13.4× | -3.1% | n/a |
| JCHX MINING MANAGEMENT 603979.SS | China | $5.09B | -12% | +23% | 28% | 9.9× | -7.7% | +29.3% |
| Torex Resources TXR.TO | Canada | $5.02B | +16% | +76% | 46% | 7.1× | -3.9% | +11.5% |
| Zhaojin Mining Industry 1818.HK | Hong Kong | $7.87B | -42% | +49% | 34% | 17.0× | -2.5% | +17.9% |
| K92 Mining KNT.TO | Canada | $4.86B | +10% | +62% | 68% | 11.0× | 0.7% | +31.3% |
| Montage Gold MAU.TO | Canada | $4.79B | +17% | n/a | n/a | 18.4× | n/a | n/a |
| Ramelius Resources RMS.AX | Australia | $4.78B | +3% | -14% | 42% | 19.0× | 13.7% | +10.3% |
| Hunan Gold 002155.SZ | China | $4.72B | -33% | +1% | 4% | 15.3× | 11.1% | +27.4% |
| DPM Metals DPM.TO | Canada | $8.61B | +18% | +96% | 55% | 10.1× | 5.1% | +8.6% |
| Capricorn Metals CMM.AX | Australia | $4.42B | -1% | +45% | 58% | 17.6× | 12.7% | +33.9% |