OceanaGold (TSE:OGC) Given “Outperform” Rating at Raymond James

Raymond James reissued their outperform rating on shares of OceanaGold (TSE:OGC) in a research note published on Tuesday, June 4th, BayStreet.CA reports. The firm currently has a C$5.50 price target on the stock. Raymond James also issued estimates for OceanaGold’s Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.05 EPS, Q4 2019 earnings at $0.05 EPS, FY2019 earnings at $0.16 EPS, Q1 2020 earnings at $0.04 EPS, Q2 2020 earnings at $0.04 EPS, Q3 2020 earnings at $0.04 EPS, Q4 2020 earnings at $0.05 EPS, FY2020 earnings at $0.18 EPS and FY2021 earnings at $0.18 EPS.

A number of other equities analysts also recently weighed in on OGC. National Bank Financial dropped their price target on shares of OceanaGold from C$5.25 to C$4.75 and set a sector perform rating on the stock in a research note on Tuesday, February 5th. Desjardins raised shares of OceanaGold from a hold rating to a buy rating and upped their price target for the stock from C$5.25 to C$5.50 in a research note on Monday, March 11th. Royal Bank of Canada upped their price target on shares of OceanaGold from C$4.50 to C$4.75 and gave the stock an outperform rating in a research note on Tuesday, March 12th. Finally, Pi Financial increased their target price on shares of OceanaGold from C$5.40 to C$5.50 in a research report on Monday, March 25th. Six investment analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus target price of C$5.21.

Shares of TSE:OGC opened at C$3.87 on Tuesday. The firm’s fifty day moving average price is C$3.78. The company has a debt-to-equity ratio of 11.84, a quick ratio of 0.61 and a current ratio of 1.34. OceanaGold has a 12-month low of C$3.43 and a 12-month high of C$5.01. The firm has a market cap of $2.45 billion and a P/E ratio of 27.64.

OceanaGold (TSE:OGC) last announced its earnings results on Monday, April 29th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.01). The business had revenue of C$238.62 million for the quarter. Analysts expect that OceanaGold will post 0.1604113 EPS for the current year.

OceanaGold Company Profile

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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Analyst Recommendations for OceanaGold (TSE:OGC)

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