OceanaGold Co. (TSE:OGC) – Haywood Securities cut their FY2017 earnings estimates for shares of OceanaGold in a research report issued on Wednesday. Haywood Securities analyst G. Mark now expects that the company will earn $0.24 per share for the year, down from their prior forecast of $0.25. Haywood Securities also issued estimates for OceanaGold’s FY2018 earnings at $0.44 EPS.
Several other research analysts have also recently commented on the company. Scotiabank reiterated an “outperform” rating and issued a C$5.00 price target on shares of OceanaGold in a research note on Wednesday, October 4th. National Bank Financial increased their price objective on OceanaGold from C$5.00 to C$5.75 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Finally, Desjardins reissued a “buy” rating and issued a C$5.75 price objective on shares of OceanaGold in a report on Friday, September 29th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$5.32.
OceanaGold Company Profile
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.
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