OceanaGold Co. (OGC) Forecasted to Post Q3 2016 Earnings of $0.07 Per Share

OceanaGold Co. (TSE:OGC) – Analysts at National Bank Financial issued their Q3 2016 earnings per share estimates for OceanaGold in a report released on Wednesday. National Bank Financial analyst R. Ray anticipates that the firm will post earnings of $0.07 per share for the quarter.

OGC has been the topic of a number of other reports. Scotiabank reissued an “outperform” rating and set a C$6.50 price target on shares of OceanaGold in a report on Wednesday, October 5th. BMO Capital Markets reissued a “market perform” rating and set a C$6.00 price target on shares of OceanaGold in a report on Wednesday, September 7th. Barclays PLC began coverage on OceanaGold in a report on Friday, July 8th. They set an “equal weight” rating and a C$6.00 price target on the stock. Finally, Raymond James Financial Inc. raised their price target on OceanaGold from C$5.20 to C$6.00 in a report on Monday, June 27th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of C$5.13.

Earnings History and Estimates for OceanaGold (TSE:OGC)

OceanaGold (TSE:OGC) opened at 3.71 on Friday. OceanaGold has a 52 week low of $2.25 and a 52 week high of $5.56. The firm has a market cap of $2.26 billion and a P/E ratio of 21.95. The company has a 50-day moving average of $4.25 and a 200 day moving average of $4.39.

About OceanaGold

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).

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