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OceanaGold (OGC) Scheduled to Post Earnings on Wednesday

OceanaGold logo with Basic Materials background

OceanaGold (TSE:OGC - Get Free Report) will announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.16 per share for the quarter.

OceanaGold (TSE:OGC - Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported C$0.05 EPS for the quarter, hitting the consensus estimate of C$0.05. The business had revenue of C$343.70 million during the quarter. OceanaGold had a net margin of 0.10% and a return on equity of 0.24%.

OceanaGold Stock Performance

OceanaGold stock traded down C$0.02 during mid-day trading on Wednesday, reaching C$4.05. The company's stock had a trading volume of 365,459 shares, compared to its average volume of 1,476,242. The business's 50 day simple moving average is C$3.77 and its 200 day simple moving average is C$3.45. OceanaGold has a 12 month low of C$2.08 and a 12 month high of C$4.41. The company has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 407.00 and a beta of 1.62.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OGC. Jefferies Financial Group upped their target price on OceanaGold from C$4.00 to C$5.00 in a report on Friday, July 12th. Royal Bank of Canada increased their price objective on OceanaGold from C$5.00 to C$5.50 and gave the company an "outperform" rating in a report on Tuesday, September 10th. National Bankshares lowered their target price on shares of OceanaGold from C$6.00 to C$5.50 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Canaccord Genuity Group increased their price target on shares of 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. Finally, CIBC boosted their price objective on shares of OceanaGold from C$5.00 to C$5.25 in a research note on Wednesday, July 10th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, OceanaGold currently has a consensus rating of "Buy" and an average price target of C$4.88.

Get Our Latest Report on OceanaGold

About OceanaGold

(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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