OceanaGold Co. (TSE:OGC) – Analysts at Haywood Securities cut their FY2016 earnings per share estimates for OceanaGold in a research note issued on Tuesday. Haywood Securities analyst G. Mark now forecasts that the firm will post earnings of $0.23 per share for the year, down from their prior estimate of $0.27.
Several other research analysts also recently weighed in on OGC. Scotiabank reaffirmed a “sector perform” rating and set a C$4.75 target price on shares of OceanaGold in a research note on Wednesday, June 8th. Raymond James Financial Inc. increased their price objective on OceanaGold from C$5.20 to C$6.00 in a research note on Monday, June 27th. Barclays PLC initiated coverage on OceanaGold in a research note on Friday, July 8th. They issued an “equal weight” rating and a C$6.00 price objective for the company. National Bank Financial increased their price objective on OceanaGold from C$6.00 to C$6.50 in a research note on Wednesday, July 13th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$6.00 price objective on shares of OceanaGold in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. OceanaGold has a consensus rating of “Hold” and an average target price of C$5.10.
OceanaGold (TSE:OGC) traded down 1.44% during mid-day trading on Thursday, hitting $4.78. The company had a trading volume of 1,361,713 shares. OceanaGold has a 52-week low of $1.79 and a 52-week high of $5.56. The company has a 50-day moving average price of $4.63 and a 200 day moving average price of $4.30. The company has a market capitalization of $2.92 billion and a P/E ratio of 28.28.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/08/fy2016-earnings-estimate-for-oceanagold-co-issued-by-haywood-securities-ogc.html
OceanaGold Corporation is an Australia-based gold mining and exploration company. The Company is engaged in the production of gold. The Company operates through three segments: New Zealand, the Philippines and the USA. Its asset portfolio consists of the Macraes Operations (Macraes), which include the operating Macraes open pit gold mines and Frasers underground gold mine; the Didipio Operations (Didipio), which includes an open pit that commenced commercial production, and an underground mine; the Waihi Gold Mine Operation (Waihi), which includes the Martha open pit and Correnso underground gold mine, and the Haile Gold Mine Project (Haile).
Receive News & Ratings for OceanaGold Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for OceanaGold Co. and related companies with MarketBeat.com’s FREE daily email newsletter.