A very weak production outcome for Haile in the March quarter was offset by strong outcomes for Didipio and Macraes. 2019 guidance is unchanged.
The company has had exploration success at Martha with an underground target, defined as a potential 5-8mt at 4-6g/t gold for around 1.0-1.5m ounces.
Credit Suisse upgrades to Neutral from Underperform and maintains a $4.20 target.
Sector: Materials.
Target price is $4.20.Current Price is $4.10. Difference: $0.10 – (brackets indicate current price is over target). If OGC meets the Credit Suisse target it will return approximately 2% (excluding dividends, fees and charges – negative figures indicate an expected loss).
