Desjardins Research Analysts Boost Earnings Estimates for OceanaGold Co. (OGC)

OceanaGold Co. (TSE:OGC) – Analysts at Desjardins raised their FY2017 EPS estimates for shares of OceanaGold in a research report issued to clients and investors on Thursday. Desjardins analyst R. Ray now forecasts that the company will post earnings of $0.32 per share for the year, up from their prior estimate of $0.26. Desjardins currently has a “Buy” rating and a $5.75 price target on the stock. Desjardins also issued estimates for OceanaGold’s FY2019 earnings at $0.15 EPS and FY2020 earnings at $0.17 EPS.

Several other equities analysts also recently commented on OGC. Scotiabank reaffirmed an “outperform” rating and set a C$5.00 price objective on shares of OceanaGold in a research note on Wednesday, October 4th. National Bank Financial upped their price objective on shares of OceanaGold from C$5.00 to C$5.75 and gave the company an “outperform” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. OceanaGold has an average rating of “Buy” and an average price target of C$5.32.

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

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

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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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