Cormark Analysts Cut Earnings Estimates for OceanaGold Co. (OGC)

OceanaGold Co. (TSE:OGC) – Stock analysts at Cormark decreased their Q1 2018 earnings estimates for OceanaGold in a research report issued to clients and investors on Friday. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.05 for the quarter, down from their previous estimate of $0.08. Cormark also issued estimates for OceanaGold’s Q2 2018 earnings at $0.05 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.05 EPS and FY2018 earnings at $0.22 EPS.

OceanaGold (TSE:OGC) last released its quarterly earnings results on Thursday, October 26th. The company reported C$0.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.05. OceanaGold had a net margin of 15.01% and a return on equity of 6.25%.

OGC has been the topic of several other reports. Scotiabank lowered their price target on shares of OceanaGold to C$5.00 and set an “outperform” rating on the stock in a report on Thursday, November 9th. Desjardins reaffirmed a “buy” rating and set a C$5.75 target price on shares of OceanaGold in a report on Friday, September 29th. Finally, National Bank Financial raised their target price on shares of OceanaGold from C$5.00 to C$5.75 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$5.32.

OceanaGold (TSE:OGC) opened at C$3.40 on Monday. The firm has a market cap of $2,090.00, a PE ratio of 13.60 and a beta of -0.23. OceanaGold has a fifty-two week low of C$2.92 and a fifty-two week high of C$5.00.

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About OceanaGold

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.

Earnings History and Estimates for OceanaGold (TSE:OGC)

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