FY2017 EPS Estimates for OceanaGold Co. (OGC) Raised by Analyst

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.

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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.

Earnings History and Estimates for OceanaGold (TSE:OGC)

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