OceanaGold Co. (OGC) Set to Announce Quarterly Earnings on Thursday
OceanaGold Co. (TSE:OGC) is scheduled to announce its earnings results before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of C$0.04 per share for the quarter.
OceanaGold Co. (TSE:OGC) traded down 1.257% during mid-day trading on Tuesday, reaching $3.535. The company’s stock had a trading volume of 343,141 shares. The firm has a market capitalization of $2.17 billion and a price-to-earnings ratio of 16.068. The firm has a 50-day moving average of $3.79 and a 200 day moving average of $3.99. OceanaGold Co. has a 1-year low of $3.24 and a 1-year high of $5.00.
Several brokerages recently issued reports on OGC. Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$5.60 price objective on shares of OceanaGold in a research note on Tuesday, June 27th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$4.50 target price on shares of OceanaGold in a research report on Tuesday, June 27th. Scotiabank reaffirmed an “outperform” rating and issued a C$5.00 target price on shares of OceanaGold in a research report on Monday, July 10th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of OceanaGold in a research report on Tuesday, June 27th. Finally, National Bank Financial upped their target price on OceanaGold from C$5.00 to C$5.75 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. OceanaGold presently has an average rating of “Buy” and an average price target of C$5.32.
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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