OceanaGold Co. (TSE:OGC) Receives C$4.80 Average Price Target from Brokerages

Shares of OceanaGold Co. (TSE:OGC) have earned an average rating of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$4.80.

Several equities research analysts have recently issued reports on the company. Scotiabank raised their target price on OceanaGold from C$4.25 to C$4.75 in a research report on Monday, August 19th. National Bankshares decreased their price objective on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Canaccord Genuity Group boosted their target price on shares of OceanaGold from C$4.50 to C$5.50 and gave the company a “strong-buy” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada raised their price target on shares of OceanaGold from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, CIBC lowered their price target on shares of OceanaGold from C$5.25 to C$4.50 in a report on Thursday, November 7th.

OceanaGold Price Performance

TSE OGC opened at C$3.80 on Friday. The company has a fifty day moving average price of C$3.83 and a 200-day moving average price of C$3.48. The firm has a market cap of C$2.70 billion, a price-to-earnings ratio of 383.00 and a beta of 1.62. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$4.41.

OceanaGold (TSE:OGC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. The firm had revenue of C$470.93 million during the quarter. On average, research analysts anticipate that OceanaGold will post 0.6283048 EPS for the current fiscal year.

About OceanaGold

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.