OceanaGold Co. Expected to Earn FY2016 Earnings of $0.27 Per Share (OGC)
OceanaGold Co. (TSE:OGC) – Research analysts at National Bank Financial lowered their FY2016 earnings per share estimates for shares of OceanaGold in a research note issued to investors on Wednesday. National Bank Financial analyst R. Ray now anticipates that the firm will post earnings per share of $0.27 for the year, down from their previous estimate of $0.28. National Bank Financial also issued estimates for OceanaGold’s FY2017 earnings at $0.37 EPS.
OGC has been the subject of a number of other reports. Scotiabank reiterated an “outperform” rating and set a C$6.50 price target on shares of OceanaGold in a report on Wednesday, October 5th. Raymond James Financial Inc. upped their target price on OceanaGold from C$5.20 to C$6.00 in a research note on Monday, June 27th. Barclays PLC upgraded OceanaGold from an “equal weight” rating to an “outperform” rating in a research note on Monday. BMO Capital Markets restated a “market perform” rating and issued a C$6.00 target price on shares of OceanaGold in a research note on Wednesday, September 7th. Finally, Royal Bank Of Canada upgraded OceanaGold from an “equal weight” rating to an “overweight” rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$5.13.
OceanaGold (TSE:OGC) opened at 3.78 on Monday. OceanaGold has a one year low of $2.25 and a one year high of $5.56. The firm has a market cap of $2.31 billion and a P/E ratio of 22.37. The stock’s 50 day moving average is $4.23 and its 200 day moving average is $4.40.
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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