Oceanagold (NYSE:OGC – Get Free Report) issued its earnings results on Wednesday. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05, Zacks reports.
Oceanagold Stock Up 7.8%
Oceanagold stock traded up $1.95 during midday trading on Wednesday, reaching $26.93. 728,833 shares of the company were exchanged, compared to its average volume of 223,154. The firm has a market capitalization of $5.99 billion and a P/E ratio of 26.66. The company’s 50-day moving average is $25.44. Oceanagold has a 1 year low of $14.19 and a 1 year high of $43.33.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Zacks Research cut Oceanagold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Weiss Ratings cut Oceanagold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Scotiabank upgraded Oceanagold to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Jefferies Financial Group upgraded Oceanagold to a “strong-buy” rating in a research report on Tuesday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.
OceanaGold Corporation is a gold and copper mining company that explores for, develops, and operates precious metals projects. The company’s portfolio includes producing mines and development assets, with a focus on the extraction and processing of gold and copper from its owned and operated operations.
Founded in 1989, OceanaGold has built a business centered on long-life mineral assets and responsible mining practices. Its operations have historically been located in the Asia-Pacific region, including New Zealand, the Philippines, and the United States, giving it exposure to several established mining jurisdictions.
The company is headquartered in Vancouver, Canada.
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