Raymond James analyst Farooq Hamed maintained a Buy rating on OceanaGold (OTC:OCANF) Corporation on Wednesday, setting a price target of C$4.5, which is approximately 97.72% above the present share price of $2.28.
Hamed expects OceanaGold Corporation to post earnings per share (EPS) of $0.00 for the third quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in OceanaGold, with an average price target of $3.02.
The analysts price targets range from a high of $3.72 to a low of $2.21.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $138.2 million and a net profit of -$6.5 million. The company's market cap is $1.45 billion.
According to TipRanks.com, Raymond James analyst Farooq Hamed is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -12.5% and a 34.85% success rate.
OceanaGold Corp. is a multinational gold producer with a portfolio of operating, development and exploration assets. The firm operates through Philippines, New Zealand and the United States geographical segments. It holds interest in Haile Gold Mine, Didipio, Macraes and Waihi projects. OceanaGold was founded in 1989 and is headquartered in Melbourne, Australia.