OceanaGold Co. to Post Q3 2017 Earnings of $0.05 Per Share, Desjardins Forecasts (OGC)
OceanaGold Co. (TSE:OGC) – Desjardins issued their Q3 2017 earnings per share (EPS) estimates for OceanaGold in a note issued to investors on Monday. Desjardins analyst R. Ray forecasts that the company will post earnings of $0.05 per share for the quarter. Desjardins has a “Buy” rating and a $5.75 price objective on the stock.
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A number of other research firms also recently weighed in on OGC. Scotiabank began coverage on OceanaGold in a report on Tuesday, June 27th. They set an “outperform” rating and a C$5.00 target price for the company. Raymond James Financial, Inc. reissued an “outperform” rating and set a C$5.60 target price on shares of OceanaGold in a report on Tuesday, June 27th. Royal Bank Of Canada reissued an “outperform” rating on shares of OceanaGold in a report on Tuesday, June 27th. BMO Capital Markets reissued a “market perform” rating and set a C$4.50 target price on shares of OceanaGold in a report on Tuesday, June 27th. Finally, National Bank Financial lifted their target price on OceanaGold from C$5.00 to C$5.75 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$5.32.
Shares of OceanaGold (TSE OGC) opened at 3.53 on Wednesday. The company has a market cap of $2.17 billion and a price-to-earnings ratio of 16.05. The firm has a 50-day moving average of $3.78 and a 200 day moving average of $3.98. OceanaGold has a one year low of $3.24 and a one year high of $5.00.
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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