Q1 2018 Earnings Estimate for OceanaGold Co. Issued By Desjardins (OGC)

OceanaGold Co. (TSE:OGC) – Equities research analysts at Desjardins reduced their Q1 2018 earnings per share (EPS) estimates for OceanaGold in a report issued on Tuesday, April 17th. Desjardins analyst R. Ray now forecasts that the company will post earnings per share of $0.01 for the quarter, down from their previous forecast of $0.04.

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OceanaGold (TSE:OGC) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.09 by C$0.09. OceanaGold had a net margin of 36.01% and a return on equity of 24.55%. The business had revenue of C$312.58 million for the quarter.

Several other research firms have also weighed in on OGC. National Bank Financial cut their target price on shares of OceanaGold from C$5.75 to C$5.50 and set an “outperform” rating on the stock in a report on Friday, January 26th. Scotiabank set a C$5.00 target price on shares of OceanaGold and gave the stock an “outperform” rating in a report on Friday, January 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$5.27.

Shares of TSE OGC opened at C$3.48 on Thursday. OceanaGold has a fifty-two week low of C$2.92 and a fifty-two week high of C$4.94.

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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.

Earnings History and Estimates for OceanaGold (TSE:OGC)

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