CIBC Cuts OceanaGold (TSE:OGC) Price Target to C$5.75

OceanaGold (TSE:OGC) had its target price trimmed by CIBC from C$6.00 to C$5.75 in a research note published on Friday morning,BayStreet.CA reports.

A number of other equities analysts have also weighed in on the company. National Bankshares decreased their target price on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada raised their target price on shares of OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. Finally, Scotiabank upped their price target on OceanaGold from C$4.75 to C$6.00 in a research report on Thursday, November 21st. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$5.10.

OceanaGold Price Performance

OGC opened at C$4.08 on Friday. The firm has a market capitalization of C$2.90 billion, a P/E ratio of 408.00 and a beta of 1.62. The company’s 50-day moving average is C$4.08 and its 200 day moving average is C$3.65. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$4.57.

OceanaGold (TSE:OGC) last released its earnings results 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). The firm had revenue of C$470.93 million during the quarter. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. On average, equities research analysts expect 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.