OceanaGold Corp Forecasted to Post FY2019 Earnings of $0.07 Per Share (TSE:OGC)

OceanaGold Corp (TSE:OGC) – Equities researchers at Cormark upped their FY2019 earnings per share estimates for shares of OceanaGold in a research report issued on Tuesday, February 11th. Cormark analyst R. Gray now forecasts that the company will earn $0.07 per share for the year, up from their prior estimate of $0.05. Cormark also issued estimates for OceanaGold’s Q4 2019 earnings at $0.00 EPS, Q1 2020 earnings at $0.01 EPS, Q3 2020 earnings at $0.07 EPS and FY2020 earnings at $0.24 EPS.

Other equities research analysts have also recently issued reports about the stock. National Bank Financial dropped their target price on shares of OceanaGold from C$4.25 to C$3.50 and set an “outperform” rating on the stock in a report on Friday, February 7th. BMO Capital Markets dropped their target price on shares of OceanaGold from C$3.75 to C$3.50 in a report on Wednesday, December 18th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of OceanaGold in a report on Monday, November 4th. Pi Financial set a C$4.00 target price on shares of OceanaGold and gave the company a “buy” rating in a report on Tuesday. Finally, Raymond James set a C$4.50 target price on shares of OceanaGold and gave the company a “strong-buy” rating in a report on Friday, January 31st. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. OceanaGold currently has a consensus rating of “Buy” and an average price target of C$4.29.

Shares of OGC stock opened at C$2.50 on Thursday. The company has a debt-to-equity ratio of 12.73, a quick ratio of 0.32 and a current ratio of 1.06. The firm’s 50-day moving average is C$2.51 and its 200-day moving average is C$2.94. The stock has a market cap of $1.54 billion and a price-to-earnings ratio of 125.00. OceanaGold has a 52-week low of C$2.12 and a 52-week high of C$4.59.

OceanaGold Company Profile

OceanaGold Corporation engages in the exploration, development, and operation of mineral properties. The company operates the Didipio gold-copper mine on Luzon Island in the Philippines; the Macraes goldfield mine on the South Island of New Zealand; the Waihi gold mine on the North Island of New Zealand; and Haile gold mine located in South Carolina, United States of America.

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Earnings History and Estimates for OceanaGold (TSE:OGC)

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