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

OceanaGold (TSE:OGC) had its price objective lifted by research analysts at CIBC from C$4.50 to C$6.00 in a report issued on Monday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 35.44% from the company’s current price.

A number of other analysts have also recently commented on the company. Royal Bank of Canada lifted their price objective on OceanaGold from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank lifted their price objective on OceanaGold from C$4.75 to C$6.00 in a research report on Thursday, November 21st. Finally, National Bankshares dropped their price objective on 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. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$5.08.

OceanaGold Trading Up 0.2 %

Shares of OGC stock traded up C$0.01 during mid-day trading on Monday, reaching C$4.43. The stock had a trading volume of 294,594 shares, compared to its average volume of 1,475,945. OceanaGold has a 12-month low of C$2.08 and a 12-month high of C$4.53. The company has a market cap of C$3.15 billion, a P/E ratio of 443.00 and a beta of 1.62. The business has a 50-day simple moving average of C$3.99 and a 200 day simple moving average of C$3.57.

OceanaGold (TSE:OGC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share 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 net margin of 0.10% and a return on equity of 0.24%. Research analysts anticipate that OceanaGold will post 0.6283048 EPS for the current 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.