I doubled down on this stock yesterday very confident that earnings have turned up.
The consensus forecast for Calendar 2022 (Sourced via Halo/Factset) (All calculations are in USD) EPS = 23 cents Free cashflow per share = 51 cents Sales Revenue $984M (growth 33%) EBITDA = $326M EBIT = $266M Net Debt = $94M (prefer they don't pay dividend and clean out all debt) Target share price = $3.40 Didipio mine will need to be revalued up on the balance sheet/non current assets section / Half year report due 24 Feb 22
It looks like US federal reserve bank talk of 3 rate rises in 2022 has put the gold sector (assets generally) on notice. That explains the weakness broadly in the gold sector.
OGC Price at posting:
$2.19 Sentiment: Buy Disclosure: Held
