Institutional investors control 54% of OceanaGold Corporation (TSE:OGC) and were rewarded last week after stock increased 13%

editorial-team@simplywallst.com (Simply Wall St)

Mon, Apr 14, 2025, 6:08 AM 4 min read

If you want to know who really controls OceanaGold Corporation (TSE:OGC), then you'll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are institutions with 54% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

And last week, institutional investors ended up benefitting the most after the company hit CA$3.5b in market cap. The one-year return on investment is currently 52% and last week's gain would have been more than welcomed.

Let's delve deeper into each type of owner of OceanaGold, beginning with the chart below.

See our latest analysis for OceanaGold

ownership-breakdown — TSX:OGC Ownership Breakdown April 14th 2025

What Does The Institutional Ownership Tell Us About OceanaGold?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

As you can see, institutional investors have a fair amount of stake in OceanaGold. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at OceanaGold's earnings history below. Of course, the future is what really matters.

earnings-and-revenue-growth — TSX:OGC Earnings and Revenue Growth April 14th 2025

Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. OceanaGold is not owned by hedge funds. Van Eck Associates Corporation is currently the company's largest shareholder with 9.5% of shares outstanding. For context, the second largest shareholder holds about 4.6% of the shares outstanding, followed by an ownership of 3.9% by the third-largest shareholder.

On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

Insider Ownership Of OceanaGold

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our information suggests that OceanaGold Corporation insiders own under 1% of the company. Keep in mind that it's a big company, and the insiders own CA$14m worth of shares. The absolute value might be more important than the proportional share. Arguably, recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.

General Public Ownership

The general public, who are usually individual investors, hold a 45% stake in OceanaGold. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand OceanaGold better, we need to consider many other factors. Be aware that OceanaGold is showing 1 warning sign in our investment analysis , you should know about...

If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.