OceanaGold Co. to Post FY2017 Earnings of $0.36 Per Share, National Bank Financial Forecasts (OGC)

OceanaGold Co. (TSE:OGC) – Equities research analysts at National Bank Financial dropped their FY2017 earnings per share (EPS) estimates for shares of OceanaGold in a research note issued on Tuesday. National Bank Financial analyst R. Ray now anticipates that the company will post earnings per share of $0.36 for the year, down from their previous estimate of $0.43.

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A number of other equities research analysts have also recently commented on OGC. Scotiabank assumed coverage on shares of OceanaGold in a report on Tuesday. They issued an “outperform” rating and a C$5.00 price target for the company. BMO Capital Markets restated a “market perform” rating and issued a C$4.50 price target on shares of OceanaGold in a report on Tuesday. Raymond James Financial, Inc. restated an “outperform” rating and issued a C$5.60 price target on shares of OceanaGold in a report on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of OceanaGold in a report on Tuesday. Finally, CIBC reiterated an “outperform” rating on shares of OceanaGold in a report on Tuesday, March 7th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$5.52.

OceanaGold (TSE:OGC) opened at 4.06 on Friday. OceanaGold has a one year low of $3.24 and a one year high of $5.56. The firm has a market cap of $2.49 billion and a price-to-earnings ratio of 16.92. The stock has a 50 day moving average of $4.41 and a 200 day moving average of $4.19.

In other news, Director Diane Renee Garrett sold 55,000 shares of OceanaGold stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of C$4.43, for a total transaction of C$243,650.00. Also, insider Darren Ervin Charles Klinck sold 25,000 shares of OceanaGold stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of C$4.57, for a total transaction of C$114,250.00. Insiders have sold 256,636 shares of company stock valued at $502,401 over the last quarter.

About OceanaGold

OceanaGold Corporation is a gold mining company. The Company is engaged in the exploration, development and operation of gold and other mineral mining activities. The Company’s segments are New Zealand, the Philippines, the United States and All other segments. The Company’s assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines.

Earnings History and Estimates for OceanaGold (TSE:OGC)

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