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 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.
Further Reading: Cost of Capital Explained
Receive News & Ratings for OceanaGold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanaGold and related companies with MarketBeat.com's FREE daily email newsletter.