OceanaGold Co. (OGC) Forecasted to Post Q3 2016 Earnings of $0.07 Per Share
OceanaGold Co. (TSE:OGC) – National Bank Financial issued their Q3 2016 earnings per share estimates for shares of OceanaGold in a note issued to investors on Wednesday. National Bank Financial analyst R. Ray forecasts that the firm will earn $0.07 per share for the quarter.
OGC has been the subject of a number of other reports. Raymond James Financial Inc. boosted 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. BMO Capital Markets restated a “market perform” rating and issued a C$6.00 price objective on shares of OceanaGold in a research report on Wednesday, September 7th. Finally, Scotiabank restated an “outperform” rating and issued a C$6.50 price objective on shares of OceanaGold in a research report on Wednesday, October 5th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. OceanaGold presently has an average rating of “Hold” and a consensus target price of C$5.13.
Shares of OceanaGold (TSE:OGC) opened at 3.71 on Friday. The company has a 50-day moving average price of $4.25 and a 200-day moving average price of $4.39. OceanaGold has a 12 month low of $2.25 and a 12 month high of $5.56. The company has a market capitalization of $2.26 billion and a P/E ratio of 21.95.
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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