Brokers Issue Forecasts for OceanaGold Co.’s Q1 2018 Earnings (OGC)

OceanaGold Co. (TSE:OGC) – Equities research analysts at Cormark lowered their Q1 2018 EPS estimates for OceanaGold in a research report issued to clients and investors on Monday, April 23rd. Cormark analyst R. Gray now expects that the company will earn $0.04 per share for the quarter, down from their previous estimate of $0.08.

A number of other equities analysts have also weighed in on OGC. National Bank Financial lifted their price target on shares of OceanaGold from C$5.50 to C$5.75 and gave the company an “outperform” rating in a report on Thursday, February 1st. Scotiabank set a C$5.00 price target on shares of OceanaGold and gave the company an “outperform” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$5.27.

OGC stock opened at C$3.38 on Tuesday. OceanaGold has a one year low of C$2.92 and a one year high of C$4.94.

OceanaGold (TSE:OGC) last released its earnings results on Thursday, February 22nd. The company reported C$0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.09 by C$0.09. The firm had revenue of C$312.58 million during the quarter. OceanaGold had a net margin of 36.01% and a return on equity of 24.55%. COPYRIGHT VIOLATION WARNING: This piece was published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3386190/brokers-issue-forecasts-for-oceanagold-co-s-q1-2018-earnings-ogc.html.

About OceanaGold

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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