OceanaGold Co. Expected to Earn FY2016 Earnings of $0.24 Per Share (OGC)
OceanaGold Co. (TSE:OGC) – Equities researchers at Haywood Securities upped their FY2016 earnings per share (EPS) estimates for shares of OceanaGold in a report issued on Tuesday. Haywood Securities analyst G. Mark now anticipates that the brokerage will post earnings of $0.24 per share for the year, up from their previous forecast of $0.23.
OGC has been the subject of several other reports. National Bank Financial raised their price objective on shares of OceanaGold from C$6.00 to C$6.50 in a research report on Wednesday, July 13th. Scotiabank restated a “sector perform” rating and set a C$4.75 price objective on shares of OceanaGold in a research report on Wednesday, June 8th. Raymond James Financial Inc. raised their price objective on shares of OceanaGold from C$5.20 to C$6.00 in a research report on Monday, June 27th. BMO Capital Markets restated a “market perform” rating and set a C$6.00 price objective on shares of OceanaGold in a research report on Wednesday, September 7th. Finally, Barclays PLC assumed coverage on shares of OceanaGold in a research report on Friday, July 8th. They set an “equal weight” rating and a C$6.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. OceanaGold presently has a consensus rating of “Hold” and a consensus target price of C$5.13.
Shares of OceanaGold (TSE:OGC) opened at 3.94 on Friday. The company has a 50-day moving average of $4.54 and a 200 day moving average of $4.38. The stock has a market cap of $2.40 billion and a PE ratio of 23.31. OceanaGold has a one year low of $1.93 and a one year 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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