FY2017 EPS Estimates for OceanaGold Co. Lifted by National Bank Financial (OGC)
OceanaGold Co. (TSE:OGC) – Investment analysts at National Bank Financial upped their FY2017 EPS estimates for OceanaGold in a note issued to investors on Sunday. National Bank Financial analyst R. Ray now expects that the brokerage will earn $0.44 per share for the year, up from their prior forecast of $0.42.
A number of other research firms have also weighed in on OGC. Scotiabank reiterated a “sector perform” rating and issued a C$6.25 price target on shares of OceanaGold in a research report on Friday, July 29th. Barclays PLC assumed coverage on OceanaGold in a research report on Friday, July 8th. They set an “equal weight” rating and a C$6.00 price objective for the company. BMO Capital Markets restated a “market perform” rating and set a C$6.00 price objective on shares of OceanaGold in a research report on Wednesday, September 7th. Finally, Raymond James Financial Inc. raised their price objective on OceanaGold from C$5.20 to C$6.00 in a research report on Monday, June 27th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. OceanaGold currently has an average rating of “Hold” and an average target price of C$5.10.
Shares of OceanaGold (TSE:OGC) traded down 1.15% during mid-day trading on Tuesday, reaching $4.31. 2,028,502 shares of the company’s stock traded hands. The company has a market capitalization of $2.63 billion and a P/E ratio of 25.50. OceanaGold has a 1-year low of $1.79 and a 1-year high of $5.56. The firm has a 50-day moving average price of $4.61 and a 200-day moving average price of $4.35.
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OceanaGold Company Profile
OceanaGold Corporation is an Australia-based gold mining and exploration company. The Company is engaged in the production of gold. The Company operates through three segments: New Zealand, the Philippines and the USA. Its asset portfolio consists of the Macraes Operations (Macraes), which include the operating Macraes open pit gold mines and Frasers underground gold mine; the Didipio Operations (Didipio), which includes an open pit that commenced commercial production, and an underground mine; the Waihi Gold Mine Operation (Waihi), which includes the Martha open pit and Correnso underground gold mine, and the Haile Gold Mine Project (Haile).
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