OceanaGold Co. (TSE:OGC) – Investment analysts at National Bank Financial lifted their FY2016 earnings per share (EPS) estimates for shares of OceanaGold in a note issued to investors on Sunday. National Bank Financial analyst R. Ray now expects that the firm will post earnings of $0.28 per share for the year, up from their previous forecast of $0.27.

Other equities research analysts have also issued research reports about the stock. Scotiabank reaffirmed a “sector perform” rating and issued a C$4.75 price objective on shares of OceanaGold in a research note on Wednesday, June 8th. Raymond James Financial Inc. lifted their price objective on shares of OceanaGold from C$5.20 to C$6.00 in a research note on Monday, June 27th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$6.00 price objective on shares of OceanaGold in a research note on Wednesday, September 7th. Finally, Barclays PLC started coverage on shares of OceanaGold in a research note on Friday, July 8th. They issued an “equal weight” rating and a C$6.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of C$5.10.

OceanaGold (TSE:OGC) traded up 2.96% during trading on Wednesday, reaching $4.52. The company had a trading volume of 696,295 shares. OceanaGold has a 12-month low of $1.79 and a 12-month high of $5.56. The stock has a market cap of $2.76 billion and a P/E ratio of 26.75. The firm has a 50-day moving average price of $4.61 and a 200 day moving average price of $4.36.

OceanaGold Company Profile

OceanaGold Corporation is an Australia-based gold mining and exploration company. The Company is engaged in the production of gold. The Company operates through three segments: New Zealand, the Philippines and the USA. Its asset portfolio consists of the Macraes Operations (Macraes), which include the operating Macraes open pit gold mines and Frasers underground gold mine; the Didipio Operations (Didipio), which includes an open pit that commenced commercial production, and an underground mine; the Waihi Gold Mine Operation (Waihi), which includes the Martha open pit and Correnso underground gold mine, and the Haile Gold Mine Project (Haile).

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