OceanaGold Co. (TSE:OGC) – Desjardins raised their FY2017 earnings per share estimates for shares of OceanaGold in a note issued to investors on Monday. Desjardins analyst R. Ray now forecasts that the company will earn $0.26 per share for the year, up from their previous estimate of $0.24. Desjardins has a “Buy” rating and a $5.75 price target on the stock.
Several other brokerages have also recently issued reports on OGC. Scotiabank reaffirmed an “outperform” rating and set a C$5.00 price objective on shares of OceanaGold in a report on Wednesday, October 4th. National Bank Financial reaffirmed an “outperform” rating and set a C$5.00 price objective on shares of OceanaGold in a report on Saturday, September 23rd. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a C$5.60 price objective on shares of OceanaGold in a report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of OceanaGold in a report on Tuesday, June 27th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$4.50 price objective on shares of OceanaGold in a report on Tuesday, June 27th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$5.32.
COPYRIGHT VIOLATION WARNING: This story was first published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/2982027/fy2017-eps-estimates-for-oceanagold-co-ogc-raised-by-analyst.html.
Shares of OceanaGold (TSE OGC) opened at 3.53 on Tuesday. The stock’s 50 day moving average price is $3.78 and its 200-day moving average price is $3.98. OceanaGold has a 12-month low of $3.24 and a 12-month high of $5.00. The company has a market cap of $2.17 billion and a PE ratio of 16.05.
OceanaGold Company Profile
OceanaGold Corporation is a gold mining company. The Company is engaged in the exploration, development and operation of gold and other mineral mining activities. The Company’s segments are New Zealand, the Philippines, the United States and All other segments. The Company’s assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines.
Receive News & Ratings for OceanaGold Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanaGold Co. and related companies with MarketBeat.com's FREE daily email newsletter.