OceanaGold Co. Forecasted to Earn Q1 2022 Earnings of $0.08 Per Share (TSE:OGC)

OceanaGold Co. (TSE:OGC – Get Rating) – Stock analysts at National Bank Financial issued their Q1 2022 earnings per share (EPS) estimates for OceanaGold in a report issued on Tuesday, April 19th. National Bank Financial analyst M. Parkin forecasts that the company will post earnings of $0.08 per share for the quarter. National Bank Financial also issued estimates for OceanaGold’s FY2023 earnings at $0.33 EPS.

OceanaGold (TSE:OGC – Get Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The company reported C$0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.04 by C($0.03). The firm had revenue of C$262.86 million for the quarter.

Several other research firms have also recently commented on OGC. Raymond James increased their price target on OceanaGold from C$3.25 to C$4.50 and gave the company an “outperform” rating in a report on Wednesday. CIBC boosted their price target on shares of OceanaGold from C$3.00 to C$3.50 in a research report on Wednesday, April 13th. National Bankshares raised their price objective on shares of OceanaGold from C$3.50 to C$4.00 in a research report on Wednesday. Barclays reaffirmed a “hold” rating and set a C$2.50 target price on shares of OceanaGold in a research note on Thursday, February 10th. Finally, BMO Capital Markets dropped their price target on shares of OceanaGold from C$3.25 to C$3.00 in a research note on Thursday, February 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, OceanaGold presently has a consensus rating of “Buy” and an average price target of C$3.34.

OGC opened at C$3.15 on Thursday. The firm has a market capitalization of C$2.22 billion and a price-to-earnings ratio of -242.31. The company’s 50 day simple moving average is C$2.77 and its two-hundred day simple moving average is C$2.40. OceanaGold has a 1-year low of C$1.79 and a 1-year high of C$3.41. The company has a debt-to-equity ratio of 23.95, a current ratio of 1.47 and a quick ratio of 0.78.

OceanaGold Company Profile (Get Rating)

OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, and silver deposits. The company operates the Didipio gold-copper mine located in the Nueva Vizcaya and Quirino provinces on the island of Luzon in the Philippines; the Macraes goldfield mine on the South Island of New Zealand and the Waihi gold mine on the North Island of New Zealand; and the Haile gold mine located in South Carolina, the United States.

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