OceanaGold Corp reports results for the quarter ended March 31 - Earnings Summary

• OceanaGold Corp OGC.TO reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of nine analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 3 cents to 12 cents per share.

• Revenue rose 33.1% to $359.90 million from a year ago; analysts expected $343.35 million.

• OceanaGold Corp's reported EPS for the quarter was 14 cents​.

• OceanaGold Corp shares had risen by 6.0% this quarter and gained 27.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the gold peer group is also "buy"

• Wall Street's median 12-month price target for OceanaGold Corp is C$6.50

This summary was machine generated from LSEG data May 8 at 09:13 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)