OceanaGold (TSE:OGC) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

OceanaGold (TSE:OGCGet Free Report) issued its earnings results on Wednesday. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02), reports. The company had revenue of C$470.93 million for the quarter. OceanaGold had a net margin of 0.10% and a return on equity of 0.24%.

OceanaGold Stock Performance

TSE OGC traded up C$0.25 during trading on Friday, hitting C$3.97. The stock had a trading volume of 202,616 shares, compared to its average volume of 1,467,134. The company has a market capitalization of C$2.82 billion, a PE ratio of 386.00 and a beta of 1.62. OceanaGold has a 12 month low of C$2.08 and a 12 month high of C$4.41. The company’s 50-day moving average price is C$3.81 and its two-hundred day moving average price is C$3.47.

Analyst Ratings Changes

A number of analysts have weighed in on the company. National Bankshares reduced their price target on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Canaccord Genuity Group increased their target price on OceanaGold from C$4.50 to C$5.50 and gave the company a “strong-buy” rating in a research note on Tuesday, July 23rd. Desjardins increased their price target on shares of OceanaGold from C$4.90 to C$5.50 and gave the company a “buy” rating in a report on Monday, July 22nd. Jefferies Financial Group boosted their price objective on shares of OceanaGold from C$4.00 to C$5.00 in a report on Friday, July 12th. Finally, Scotiabank boosted their price target on OceanaGold from C$4.25 to C$4.75 in a research note on Monday, August 19th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$4.80.

Get Our Latest Stock Analysis on OGC

OceanaGold Company Profile

(Get Free Report)

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.

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Earnings History for OceanaGold (TSE:OGC)

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