OceanaGold Corp (TSE:OGC) Forecasted to Earn Q2 2019 Earnings of $0.04 Per Share

OceanaGold Corp (TSE:OGC) – Research analysts at Raymond James issued their Q2 2019 EPS estimates for shares of OceanaGold in a note issued to investors on Tuesday, June 4th, Zacks Investment Research reports. Raymond James analyst F. Hamed forecasts that the company will post earnings of $0.04 per share for the quarter. Raymond James currently has a “Outperform” rating and a $5.50 target price on the stock. Raymond James also issued estimates for OceanaGold’s Q3 2019 earnings at $0.05 EPS, Q4 2019 earnings at $0.05 EPS, Q1 2020 earnings at $0.04 EPS, Q2 2020 earnings at $0.04 EPS, Q3 2020 earnings at $0.04 EPS and Q4 2020 earnings at $0.05 EPS.

Several other brokerages have also issued reports on OGC. Pi Financial raised their target price on OceanaGold from C$5.40 to C$5.50 in a research report on Monday, March 25th. National Bank Financial upgraded OceanaGold from a “sector perform” rating to an “outperform” rating and set a C$5.00 price target for the company in a research report on Thursday, April 18th. Royal Bank of Canada boosted their target price on OceanaGold from C$4.50 to C$4.75 and gave the stock an “outperform” rating in a research report on Tuesday, March 12th. Finally, Desjardins upgraded OceanaGold from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$5.25 to C$5.50 in a research report on Monday, March 11th. Six analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of C$5.25.

TSE:OGC traded up C$0.01 on Friday, reaching C$3.58. 2,958,200 shares of the stock traded hands, compared to its average volume of 1,453,310. OceanaGold has a 1-year low of C$3.43 and a 1-year high of C$5.01. The firm has a 50 day moving average of C$3.77. The company has a debt-to-equity ratio of 11.84, a current ratio of 1.34 and a quick ratio of 0.61. The stock has a market capitalization of $2.23 billion and a price-to-earnings ratio of 25.57.

OceanaGold (TSE:OGC) last posted its quarterly earnings data on Monday, April 29th. The company reported C$0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.05 by C($0.01). The company had revenue of C$238.62 million for the quarter.

OceanaGold Company Profile

OceanaGold Corporation engages in the exploration, development, and operation of mineral properties. The company operates the Didipio gold-copper mine on Luzon Island 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 Haile gold mine located in South Carolina, United States of America.

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Earnings History and Estimates for OceanaGold (TSE:OGC)

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