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

OceanaGold Co. (TSE:OGC) – Equities research analysts at Cormark cut their Q1 2018 EPS estimates for OceanaGold in a note issued to investors on Monday, April 23rd. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.04 for the quarter, down from their previous estimate of $0.08.

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OceanaGold (TSE:OGC) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.09 by C$0.09. OceanaGold had a return on equity of 24.55% and a net margin of 36.01%. The company had revenue of C$312.58 million for the quarter.

A number of other research analysts have also weighed in on the stock. National Bank Financial decreased their target price on shares of OceanaGold from C$5.75 to C$5.50 and set an “outperform” rating on the stock in a research note on Sunday, March 4th. Scotiabank set a C$5.00 target price on shares of OceanaGold and gave the stock an “outperform” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$5.27.

OGC stock opened at C$3.45 on Tuesday. OceanaGold has a 12-month low of C$2.92 and a 12-month high of C$4.94.

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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.

Earnings History and Estimates for OceanaGold (TSE:OGC)

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