OceanaGold (OGC) Downgraded by Desjardins

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Desjardins downgraded shares of OceanaGold (TSE:OGC) from a buy rating to a hold rating in a research report sent to investors on Tuesday. Desjardins also issued estimates for OceanaGold’s FY2018 earnings at $0.27 EPS, Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.08 EPS, Q4 2019 earnings at $0.08 EPS, FY2019 earnings at $0.23 EPS, Q1 2020 earnings at $0.08 EPS and FY2020 earnings at $0.31 EPS.

Other equities analysts have also recently issued research reports about the stock. Pi Financial boosted their price objective on shares of OceanaGold from C$4.75 to C$5.00 and gave the company a buy rating in a research report on Friday, September 28th. Barclays restated an overweight rating on shares of OceanaGold in a research report on Wednesday, October 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of C$4.83.

Shares of TSE:OGC opened at C$4.75 on Tuesday. OceanaGold has a 52 week low of C$2.97 and a 52 week high of C$5.01. The company has a debt-to-equity ratio of 11.45, a current ratio of 1.58 and a quick ratio of 0.68.

OceanaGold (TSE:OGC) last issued its earnings results on Thursday, October 25th. The company reported C$0.04 EPS for the quarter, hitting analysts’ consensus estimates of C$0.04. The business had revenue of C$244.13 million during the quarter. On average, equities research analysts anticipate that OceanaGold will post 0.180000015254239 earnings per share for the current year.

About OceanaGold

OceanaGold Corporation, a gold mining company, explores for, develops, and operates mineral properties in the Philippines, New Zealand, and the United States. Its flagship asset is the Didipio gold-copper mine located on the island of Luzon in the Philippines. OceanaGold Corporation was incorporated in 2003 and is headquartered in Melbourne, Australia.

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Analyst Recommendations for OceanaGold (TSE:OGC)

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