FY2020 EPS Estimates for OceanaGold Corp Boosted by Cormark (OGC)

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OceanaGold Corp (TSE:OGC) – Investment analysts at Cormark upped their FY2020 earnings estimates for shares of OceanaGold in a research note issued on Tuesday, February 5th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.21 per share for the year, up from their prior estimate of $0.20.

Other research analysts also recently issued reports about the stock. Barclays reiterated an “overweight” rating on shares of OceanaGold in a report on Wednesday, October 10th. Desjardins downgraded shares of OceanaGold from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. National Bank Financial upped their price target on shares of OceanaGold from C$4.75 to C$5.25 and gave the stock a “sector perform” rating in a report on Monday, January 14th. Finally, BMO Capital Markets upped their price target on shares of OceanaGold from C$4.50 to C$5.00 in a report on Friday, January 25th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$4.94.

Shares of OGC opened at C$4.21 on Wednesday. OceanaGold has a one year low of C$2.97 and a one year high of C$5.01. The company has a market cap of $2.88 billion and a price-to-earnings ratio of 13.16. The company has a debt-to-equity ratio of 11.45, a current ratio of 1.58 and a quick ratio of 0.68.

About OceanaGold

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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