OceanaGold Co. to Post FY2016 Earnings of $0.27 Per Share, National Bank Financial Forecasts (OGC)
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.
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.
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 https://www.americanbankingnews.com/2016/10/17/oceanagold-co-to-post-fy2016-earnings-of-0-27-per-share-national-bank-financial-forecasts-ogc.html
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.