Oceanagold (NYSE:OGC – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05, Zacks reports.
Oceanagold Price Performance
Shares of OGC stock traded up $1.95 during trading hours on Wednesday, reaching $26.93. 728,833 shares of the stock traded hands, compared to its average volume of 223,154. The firm has a market capitalization of $5.99 billion and a price-to-earnings ratio of 26.66. Oceanagold has a 1-year low of $14.19 and a 1-year high of $43.33. The firm has a fifty day moving average of $25.44.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on OGC. Jefferies Financial Group upgraded Oceanagold to a “strong-buy” rating in a research report on Tuesday, June 9th. Scotiabank upgraded Oceanagold to a “strong-buy” rating in a report on Thursday, May 14th. Zacks Research cut Oceanagold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings lowered Oceanagold from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.
OceanaGold Corporation is a gold and copper mining company that explores for, develops, and operates precious metals projects. The company’s portfolio includes producing mines and development assets, with a focus on the extraction and processing of gold and copper from its owned and operated operations.
Founded in 1989, OceanaGold has built a business centered on long-life mineral assets and responsible mining practices. Its operations have historically been located in the Asia-Pacific region, including New Zealand, the Philippines, and the United States, giving it exposure to several established mining jurisdictions.
The company is headquartered in Vancouver, Canada.
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