OceanaGold Co. (TSE:OGC) – Equities researchers at National Bank Financial lowered their FY2016 earnings estimates for shares of OceanaGold in a research note issued to investors on Wednesday. National Bank Financial analyst R. Ray now anticipates that the firm will post earnings per share of $0.27 for the year, down from their previous forecast of $0.28. National Bank Financial also issued estimates for OceanaGold’s FY2017 earnings at $0.37 EPS.

Earnings History and Estimates for OceanaGold (TSE:OGC)

Other research analysts have also recently issued reports about the company. Raymond James Financial Inc. boosted their target price on OceanaGold from C$5.20 to C$6.00 in a research note on Monday, June 27th. Barclays PLC started coverage on OceanaGold in a research note on Friday, July 8th. They issued an “equal weight” rating and a C$6.00 target price for the company. BMO Capital Markets reissued a “market perform” rating and issued a C$6.00 target price on shares of OceanaGold in a research note on Wednesday, September 7th. Finally, Scotiabank reissued an “outperform” rating and issued a C$6.50 target price on shares of OceanaGold in a research note on Wednesday, October 5th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$5.13.

OceanaGold (TSE:OGC) opened at 3.71 on Monday. OceanaGold has a one year low of $2.25 and a one year high of $5.56. The stock’s 50 day moving average price is $4.25 and its 200-day moving average price is $4.39. The firm has a market cap of $2.26 billion and a price-to-earnings ratio of 21.95.

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About OceanaGold

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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