Analysts Offer Predictions for OceanaGold Co.’s Q3 2016 Earnings (OGC)
OceanaGold Co. (TSE:OGC) – Analysts at National Bank Financial issued their Q3 2016 earnings per share (EPS) estimates for OceanaGold in a research note issued on Wednesday. National Bank Financial analyst R. Ray forecasts that the brokerage will earn $0.07 per share for the quarter.
OGC has been the subject of a number of other research reports. Scotiabank reaffirmed an “outperform” rating and issued a C$6.50 price objective on shares of OceanaGold in a report on Wednesday, October 5th. Raymond James Financial Inc. lifted their target price on shares of OceanaGold from C$5.20 to C$6.00 in a research report on Monday, June 27th. Barclays PLC assumed coverage on shares of OceanaGold in a research report on Friday, July 8th. They issued an “equal weight” rating and a C$6.00 target price on the stock. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$6.00 target price on shares of OceanaGold in a research report on Wednesday, September 7th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. OceanaGold has a consensus rating of “Hold” and a consensus target price of C$5.13.
Shares of OceanaGold (TSE:OGC) traded down 2.11% during mid-day trading on Friday, hitting $3.72. 724,989 shares of the stock traded hands. OceanaGold has a 12 month low of $2.25 and a 12 month high of $5.56. The firm has a 50 day moving average of $4.27 and a 200 day moving average of $4.38. The company has a market cap of $2.27 billion and a P/E ratio of 22.01.
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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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