OceanaGold Co. (TSE:OGC) Receives C$5.10 Consensus Target Price from Brokerages

OceanaGold Co. (TSE:OGC) has earned an average rating of “Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$5.10.

Several equities analysts recently commented on OGC shares. Royal Bank of Canada upped their price target on shares of OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. CIBC decreased their target price on shares of OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. National Bankshares dropped their price target on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, Scotiabank raised their price objective on OceanaGold from C$4.75 to C$6.00 in a research note on Thursday, November 21st.

OceanaGold Price Performance

Shares of OceanaGold stock opened at C$3.98 on Friday. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$4.57. The company has a market capitalization of C$2.83 billion, a price-to-earnings ratio of 398.00 and a beta of 1.62. The business has a fifty day simple moving average of C$4.12 and a two-hundred day simple moving average of C$3.72.

OceanaGold (TSE:OGC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$470.93 million during the quarter. As a group, equities analysts anticipate that OceanaGold will post 0.6283048 earnings per share 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.