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

OceanaGold Co. (TSE:OGC) has received a consensus rating of “Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$4.80.

Several research analysts recently issued reports on OGC shares. CIBC cut their target price on shares of OceanaGold from C$5.25 to C$4.50 in a research note on Thursday, November 7th. National Bankshares reduced their target price on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Canaccord Genuity Group boosted their target price on OceanaGold from C$4.50 to C$5.50 and gave the company a “strong-buy” rating in a research report on Tuesday, July 23rd. Desjardins increased their price target on OceanaGold from C$4.90 to C$5.50 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Scotiabank boosted their price objective on OceanaGold from C$4.25 to C$4.75 in a report on Monday, August 19th.

OceanaGold Stock Up 1.3 %

OGC opened at C$3.85 on Friday. OceanaGold has a twelve month low of C$2.08 and a twelve month high of C$4.41. The company has a fifty day moving average of C$3.84 and a 200-day moving average of C$3.49. The stock has a market cap of C$2.74 billion, a PE ratio of 385.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last released its earnings results 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 return on equity of 0.24% and a net margin of 0.10%. The business had revenue of C$470.93 million for the quarter. Sell-side analysts anticipate that OceanaGold will post 0.6283048 EPS for the current fiscal 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.