OceanaGold Co. (OGC) Forecasted to Earn FY2016 Earnings of $0.28 Per Share
OceanaGold Co. (TSE:OGC) – Investment analysts at National Bank Financial lifted their FY2016 earnings per share (EPS) estimates for shares of OceanaGold in a note issued to investors on Sunday. National Bank Financial analyst R. Ray now expects that the firm will post earnings of $0.28 per share for the year, up from their previous forecast of $0.27.
Other equities research analysts have also issued research reports about the stock. Scotiabank reaffirmed a “sector perform” rating and issued a C$4.75 price objective on shares of OceanaGold in a research note on Wednesday, June 8th. Raymond James Financial Inc. lifted their price objective on shares of OceanaGold from C$5.20 to C$6.00 in a research note on Monday, June 27th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$6.00 price objective on shares of OceanaGold in a research note on Wednesday, September 7th. Finally, Barclays PLC started coverage on shares of OceanaGold in a research note on Friday, July 8th. They issued an “equal weight” rating and a C$6.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of C$5.10.
OceanaGold (TSE:OGC) traded up 2.96% during trading on Wednesday, reaching $4.52. The company had a trading volume of 696,295 shares. OceanaGold has a 12-month low of $1.79 and a 12-month high of $5.56. The stock has a market cap of $2.76 billion and a P/E ratio of 26.75. The firm has a 50-day moving average price of $4.61 and a 200 day moving average price of $4.36.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/oceanagold-co-ogc-forecasted-to-earn-fy2016-earnings-of-0-28-per-share.html
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).
Receive News & Ratings for OceanaGold Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanaGold Co. and related companies with MarketBeat.com's FREE daily email newsletter.