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

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

Several other research analysts have also issued reports on the company. Royal Bank of Canada boosted their target price on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. National Bankshares dropped 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. Finally, Scotiabank raised their price objective on OceanaGold from C$4.75 to C$6.00 in a research note on Thursday, November 21st. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$5.10.

OceanaGold Stock Performance

Shares of TSE:OGC opened at C$4.08 on Friday. The firm has a market cap of C$2.90 billion, a price-to-earnings ratio of 408.00 and a beta of 1.62. The firm has a fifty day moving average price of C$4.08 and a 200 day moving average price of 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 quarterly earnings data 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%. As a group, research analysts predict that OceanaGold will post 0.6283048 earnings per share 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.