Q3 2019 EPS Estimates for OceanaGold Corp (TSE:OGC) Lowered by Raymond James

OceanaGold Corp (TSE:OGC) – Equities researchers at Raymond James reduced their Q3 2019 EPS estimates for OceanaGold in a research note issued on Tuesday, October 15th. Raymond James analyst F. Hamed now anticipates that the company will earn $0.00 per share for the quarter, down from their previous forecast of $0.04. Raymond James currently has a “Strong-Buy” rating and a $5.00 target price on the stock. Raymond James also issued estimates for OceanaGold’s Q1 2020 earnings at $0.08 EPS, Q2 2020 earnings at $0.08 EPS, Q3 2020 earnings at $0.08 EPS, Q4 2020 earnings at $0.08 EPS, FY2020 earnings at $0.32 EPS and FY2021 earnings at $0.28 EPS.

OGC has been the subject of several other reports. National Bank Financial raised their price target on OceanaGold from C$4.75 to C$5.25 and gave the company an “outperform” rating in a report on Thursday, September 5th. Pi Financial reduced their price target on OceanaGold from C$6.00 to C$5.70 in a report on Wednesday, August 21st. Finally, BMO Capital Markets raised OceanaGold from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 11th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$5.20.

OGC opened at C$3.16 on Friday. The company has a debt-to-equity ratio of 12.21, a current ratio of 1.21 and a quick ratio of 0.54. The business has a 50 day simple moving average of C$3.38 and a 200-day simple moving average of C$3.63. The stock has a market capitalization of $1.92 billion and a P/E ratio of 35.11. OceanaGold has a 12 month low of C$2.85 and a 12 month high of C$5.01.

OceanaGold (TSE:OGC) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$0.04 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.01. The business had revenue of C$248.81 million during the quarter.

About OceanaGold

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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