OceanaGold Co. (TSE:OGC) Receives C$4.19 Average Target Price from Analysts

Shares of OceanaGold Co. (TSE:OGCGet Free Report) have earned an average rating of “Buy” from the five analysts that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$4.19.

OGC has been the topic of several analyst reports. National Bankshares lowered their price objective on OceanaGold from C$4.75 to C$4.50 in a research note on Thursday, May 2nd. Scotiabank upped their price objective on OceanaGold from C$4.00 to C$4.25 in a research note on Thursday, May 23rd. Desjardins upgraded OceanaGold to a “moderate buy” rating in a research note on Friday, May 10th. Canaccord Genuity Group upped their price objective on OceanaGold from C$4.00 to C$4.25 in a research note on Tuesday, April 23rd. Finally, Cormark lowered their price objective on OceanaGold from C$3.25 to C$3.00 in a research note on Monday, February 26th.

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OceanaGold Stock Down 2.2 %

Shares of OGC opened at C$3.16 on Tuesday. OceanaGold has a 12-month low of C$2.08 and a 12-month high of C$3.50. The firm has a market capitalization of C$2.25 billion, a price-to-earnings ratio of 45.14 and a beta of 1.61. The stock’s 50-day moving average price is C$3.16 and its 200 day moving average price is C$2.82.

OceanaGold (TSE:OGCGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.02 by C($0.01). OceanaGold had a net margin of 3.69% and a return on equity of 2.29%. The firm had revenue of C$364.40 million for the quarter. Equities research analysts expect that OceanaGold will post 0.3147257 EPS for the current year.

About OceanaGold

(Get Free Report

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.

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