OceanaGold Corporation Common Shares (OGC)

FairStock Score: 94/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I look for a business that earns good returns on capital, carries little debt, and sells at a sensible price. OceanaGold, at $27.11 on 2026-10-13, has a market value of $7.2B. FairStock calculations show a P/E of 7.19, P/B of 2.38, ROCE of 23.61%, ROE of 37.34%, and debt-to-equity of just 0.02. In the latest reported quarter, 2026-Q2, it reported revenue of $647.3M and net income of $222.2M, a 34.33% net margin. That is a real miner producing cash: trailing free cash flow was $764.8M, a 10.6% free cash flow yield. The balance sheet looks sturdy, with an Altman Z-Score of 5.64 and a Piotroski F-Score of 6/9. Valuation is undemanding: EV/EBITDA 4.17, PEG 0.03, and the Graham Number of $31.10 leaves a 12.83% margin of safety. The catch is the moat. Gold is a commodity; OceanaGold is a price-taker, and its returns depend on gold and copper prices, grade, costs, and jurisdictions across the United States, the Philippines, and New Zealand. A beta of 1.54 and a 52-week range of $20.18-$43.33 show the market can swing widely. FairStock's Lynch category is 'none' because only 0 years of filed annual results are available, needing 3. So I see a financially strong, cheaply valued miner with limited pricing power—an asset play rather than a franchise.

In plain English: OceanaGold digs for gold and copper in the United States, the Philippines, and New Zealand. Its latest reported quarter showed a large profit, very little debt, and strong cash generation, so the business looks financially strong. Compared with those profits and cash, the share price looks cheap, but gold mining can be very volatile.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer