Raymond James Comments on OceanaGold Co.’s FY2021 Earnings (TSE:OGC)

OceanaGold Co. (TSE:OGC) – Raymond James boosted their FY2021 earnings per share estimates for OceanaGold in a report issued on Tuesday, June 8th. Raymond James analyst F. Hamed now expects that the company will post earnings of $0.11 per share for the year, up from their prior forecast of $0.10. Raymond James currently has a “Outperform” rating and a $3.00 target price on the stock. Raymond James also issued estimates for OceanaGold’s Q4 2021 earnings at $0.01 EPS.

Several other equities research analysts have also recently commented on OGC. National Bank Financial boosted their price target on shares of OceanaGold to C$3.50 and gave the stock an “outperform” rating in a research report on Thursday, May 20th. National Bankshares lifted their price target on OceanaGold from C$3.00 to C$3.50 and gave the stock an “outperform” rating in a research note on Thursday, May 20th. Five research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of C$3.77.

Shares of OceanaGold stock opened at C$2.62 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 19.55. The business has a 50-day simple moving average of C$2.35. OceanaGold has a 52 week low of C$1.58 and a 52 week high of C$4.01. The company has a market capitalization of C$1.84 billion and a PE ratio of -12.13.

OceanaGold (TSE:OGC) last issued its quarterly earnings results on Thursday, April 29th. The company reported C$0.04 EPS for the quarter, topping the consensus estimate of C$0.01 by C$0.03. The business had revenue of C$188.57 million during the quarter.

About OceanaGold

OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, silver, and other minerals. The company operates the Didipio gold-copper mine located in the Nueva Vizcaya and Quirino provinces on the island of Luzon 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 the Haile gold mine located in South Carolina, the United States.

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Earnings History and Estimates for OceanaGold (TSE:OGC)

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