FY2017 EPS Estimates for OceanaGold Co. (OGC) Lifted by Analyst
OceanaGold Co. (TSE:OGC) – Stock analysts at Desjardins raised their FY2017 earnings estimates for shares of OceanaGold in a report issued on Monday. Desjardins analyst R. Ray now anticipates that the company will post earnings of $0.26 per share for the year, up from their previous forecast of $0.24. Desjardins currently has a “Buy” rating and a $5.75 target price on the stock.
A number of other analysts have also weighed in on the company. Raymond James Financial, Inc. reissued an “outperform” rating and set a C$5.60 price objective on shares of OceanaGold in a research note on Tuesday, June 27th. Scotiabank reaffirmed an “outperform” rating and issued a C$5.00 price target on shares of OceanaGold in a research note on Monday, July 10th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of OceanaGold in a research note on Tuesday, June 27th. National Bank Financial reaffirmed an “outperform” rating and issued a C$5.00 price target on shares of OceanaGold in a research note on Saturday, September 23rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a C$4.50 price target on shares of OceanaGold in a research note on Tuesday, June 27th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$5.32.
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OceanaGold (OGC) opened at 3.58 on Tuesday. The company has a 50 day moving average of $3.79 and a 200 day moving average of $3.99. OceanaGold has a 52-week low of $3.24 and a 52-week high of $5.00. The company has a market capitalization of $2.20 billion and a PE ratio of 16.27.
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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