OceanaGold (TSE:OGC) Price Target Raised to C$6.00

OceanaGold (TSE:OGC) had its price target upped by Scotiabank from C$4.75 to C$6.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Several other equities research analysts have also weighed in on the company. National Bankshares decreased their price objective on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their target price 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 dropped their price target on shares of OceanaGold from C$5.25 to C$4.50 in a research note on Thursday, November 7th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$4.93.

OceanaGold Stock Performance

Shares of OGC stock opened at C$4.44 on Thursday. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$4.51. The firm’s 50-day simple moving average is C$3.92 and its two-hundred day simple moving average is C$3.53. The firm has a market cap of C$3.16 billion, a price-to-earnings ratio of 444.00 and a beta of 1.62.

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

OceanaGold Company Profile

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.