National Bank Financial Comments on OceanaGold Co.’s FY2017 Earnings (OGC)
OceanaGold Co. (TSE:OGC) – Equities research analysts at National Bank Financial upped their FY2017 earnings per share (EPS) estimates for OceanaGold in a report released on Sunday. National Bank Financial analyst R. Ray now forecasts that the firm will post earnings of $0.44 per share for the year, up from their prior forecast of $0.42.
A number of other analysts also recently commented on the company. Scotiabank reiterated a “sector perform” rating and issued a C$6.25 price objective on shares of OceanaGold in a research report on Friday, July 29th. Raymond James Financial Inc. raised their price objective on OceanaGold from C$5.20 to C$6.00 in a research report on Monday, June 27th. Barclays PLC started coverage on OceanaGold in a research report on Friday, July 8th. They issued an “equal weight” rating and a C$6.00 price objective for the company. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$6.00 price objective on shares of OceanaGold in a research report on Wednesday, September 7th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$5.13.
OceanaGold (TSE:OGC) traded up 4.10% on Tuesday, hitting $4.82. The stock had a trading volume of 1,026,324 shares. The firm’s 50-day moving average price is $4.60 and its 200-day moving average price is $4.36. OceanaGold has a 1-year low of $1.79 and a 1-year high of $5.56. The firm has a market cap of $2.94 billion and a P/E ratio of 28.52.
OceanaGold Company Profile
OceanaGold Corporation is an Australia-based gold mining and exploration company. The Company is engaged in the production of gold. The Company operates through three segments: New Zealand, the Philippines and the USA. Its asset portfolio consists of the Macraes Operations (Macraes), which include the operating Macraes open pit gold mines and Frasers underground gold mine; the Didipio Operations (Didipio), which includes an open pit that commenced commercial production, and an underground mine; the Waihi Gold Mine Operation (Waihi), which includes the Martha open pit and Correnso underground gold mine, and the Haile Gold Mine Project (Haile).
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