FY2018 Earnings Forecast for OceanaGold Corp (OGC) Issued By Desjardins

OceanaGold Corp (TSE:OGC) – Research analysts at Desjardins dropped their FY2018 earnings per share (EPS) estimates for shares of OceanaGold in a research note issued to investors on Tuesday, January 8th. Desjardins analyst R. Ray now expects that the company will post earnings per share of $0.27 for the year, down from their prior forecast of $0.29. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for OceanaGold’s Q1 2019 earnings at $0.01 EPS, Q3 2019 earnings at $0.08 EPS, Q4 2019 earnings at $0.08 EPS, FY2019 earnings at $0.23 EPS and FY2020 earnings at $0.31 EPS.

OGC has been the topic of a number of other research reports. Pi Financial raised their target price on OceanaGold from C$4.75 to C$5.00 and gave the company a “buy” rating in a report on Friday, September 28th. Barclays reiterated an “overweight” rating on shares of OceanaGold in a research report on Wednesday, October 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$4.83.

OGC opened at C$4.64 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.58 and a debt-to-equity ratio of 11.45. OceanaGold has a 12-month low of C$2.97 and a 12-month high of C$5.01.

OceanaGold (TSE:OGC) last released its earnings results on Thursday, October 25th. The company reported C$0.04 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C$0.04. The business had revenue of C$244.13 million during the quarter.

OceanaGold Company Profile

OceanaGold Corporation, a gold mining company, explores for, develops, and operates mineral properties in the Philippines, New Zealand, and the United States. Its flagship asset is the Didipio gold-copper mine located on the island of Luzon in the Philippines. OceanaGold Corporation was incorporated in 2003 and is headquartered in Melbourne, Australia.

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Earnings History and Estimates for OceanaGold (TSE:OGC)

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