Equities Analysts Issue Forecasts for OceanaGold Co.’s FY2017 Earnings (OGC)
OceanaGold Co. (TSE:OGC) – Haywood Securities increased their FY2017 earnings estimates for shares of OceanaGold in a note issued to investors on Tuesday. Haywood Securities analyst G. Mark now forecasts that the firm will earn $0.37 per share for the year, up from their prior forecast of $0.36. Haywood Securities also issued estimates for OceanaGold’s FY2018 earnings at $0.55 EPS.
Other research analysts also recently issued research reports about the stock. National Bank Financial raised their price target on shares of OceanaGold from C$6.00 to C$6.50 in a research note on Wednesday, July 13th. Scotiabank reaffirmed a “sector perform” rating and issued a C$6.25 price target on shares of OceanaGold in a research note on Friday, July 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$6.00 price target on shares of OceanaGold in a research note on Wednesday, September 7th. Barclays PLC assumed coverage on shares of OceanaGold in a research note on Friday, July 8th. They issued an “equal weight” rating and a C$6.00 price target on the stock. Finally, Raymond James Financial Inc. raised their price target on shares of OceanaGold from C$5.20 to C$6.00 in a research note on Monday, June 27th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$5.13.
Shares of OceanaGold (TSE:OGC) traded down 2.20% during trading on Thursday, hitting $4.00. 726,239 shares of the company traded hands. The company has a 50 day moving average price of $4.57 and a 200 day moving average price of $4.38. The company has a market capitalization of $2.44 billion and a price-to-earnings ratio of 23.67. OceanaGold has a 52 week low of $1.86 and a 52 week high of $5.56.
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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