Cormark Analysts Decrease Earnings Estimates for OceanaGold Co. (OGC)
OceanaGold Co. (TSE:OGC) – Cormark lowered their Q3 2017 earnings per share (EPS) estimates for shares of OceanaGold in a research note issued on Thursday. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.08 for the quarter, down from their previous forecast of $0.09. Cormark also issued estimates for OceanaGold’s FY2017 earnings at $0.31 EPS.
OGC has been the subject of several other research reports. Scotiabank set a C$5.00 price objective on shares of OceanaGold and gave the company an “outperform” rating in a research note on Friday, July 28th. Desjardins reiterated a “buy” rating and issued a C$5.75 price objective on shares of OceanaGold in a research note on Friday, September 29th. BMO Capital Markets reiterated a “market perform” rating and issued a C$4.50 price objective on shares of OceanaGold in a research note on Tuesday, June 27th. Royal Bank Of Canada reiterated an “outperform” rating on shares of OceanaGold in a research note on Tuesday, June 27th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$5.60 price objective on shares of OceanaGold in a research note on Tuesday, June 27th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$5.17.
Shares of OceanaGold (TSE:OGC) opened at 3.93 on Friday. The firm has a market cap of $2.42 billion and a P/E ratio of 17.86. The firm has a 50 day moving average price of $3.81 and a 200 day moving average price of $4.02. OceanaGold has a 1-year low of $3.24 and a 1-year high of $5.00.
OceanaGold Company Profile
OceanaGold Corporation is a gold mining company. The Company is engaged in the exploration, development and operation of gold and other mineral mining activities. The Company’s segments are New Zealand, the Philippines, the United States and All other segments. The Company’s assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines.
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