Q3 2017 EPS Estimates for OceanaGold Co. (OGC) Reduced by Analyst
OceanaGold Co. (TSE:OGC) – Analysts at Cormark dropped their Q3 2017 EPS estimates for shares of OceanaGold in a report issued on Thursday. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.08 per share for the quarter, down from their previous estimate of $0.09. Cormark also issued estimates for OceanaGold’s FY2017 earnings at $0.31 EPS.
Other equities analysts have also issued research reports about the company. Desjardins restated a “buy” rating and set a C$5.75 price target on shares of OceanaGold in a research note on Friday, September 29th. BMO Capital Markets restated a “market perform” rating and set a C$4.50 price target on shares of OceanaGold in a research note on Tuesday, June 27th. Scotiabank restated an “outperform” rating and set a C$5.00 price target on shares of OceanaGold in a research note on Wednesday. Royal Bank Of Canada restated an “outperform” rating on shares of OceanaGold in a research note on Tuesday, June 27th. Finally, National Bank Financial restated an “outperform” rating and set a C$5.00 price target on shares of OceanaGold in a research note on Saturday, September 23rd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$5.17.
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Shares of OceanaGold (OGC) opened at 3.92 on Friday. The company has a market cap of $2.41 billion and a PE ratio of 17.82. OceanaGold has a one year low of $3.24 and a one year high of $5.00. The stock’s 50 day moving average is $3.82 and its 200-day moving average is $4.02.
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.
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