Q1 2018 EPS Estimates for OceanaGold Co. Reduced by Cormark (OGC)

OceanaGold Co. (TSE:OGC) – Stock analysts at Cormark dropped their Q1 2018 earnings per share (EPS) estimates for OceanaGold in a research report issued on Friday, Zacks Investment Research reports. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.05 for the quarter, down from their prior estimate of $0.08. Cormark also issued estimates for OceanaGold’s Q2 2018 earnings at $0.05 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.05 EPS and FY2018 earnings at $0.22 EPS.

Other equities research analysts also recently issued reports about the company. Scotiabank set a C$5.00 target price on OceanaGold and gave the company an “outperform” rating in a report on Friday, January 19th. National Bank Financial upped their target price on OceanaGold from C$5.00 to C$5.75 and gave the company an “outperform” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of C$5.32.

Shares of OceanaGold (OGC) traded up C$0.15 during trading on Monday, hitting C$3.26. The stock had a trading volume of 2,020,000 shares, compared to its average volume of 1,800,000. The firm has a market capitalization of $2,010.00, a price-to-earnings ratio of 13.04 and a beta of -0.14. OceanaGold has a twelve month low of C$2.92 and a twelve month high of C$5.00.

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About OceanaGold

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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Earnings History and Estimates for OceanaGold (TSE:OGC)

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