OceanaGold Co. (TSE:OGC) Receives Average Rating of “Buy” from Analysts

Shares of OceanaGold Co. (TSE:OGC) have been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$5.08.

A number of equities analysts have issued reports on OGC shares. CIBC lifted their price target on OceanaGold from C$4.50 to C$6.00 in a research note on Monday. Royal Bank of Canada lifted their target price on OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank raised their price objective on OceanaGold from C$4.75 to C$6.00 in a research note on Thursday, November 21st. Finally, National Bankshares cut 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.

OceanaGold Price Performance

OGC stock opened at C$4.49 on Tuesday. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$4.53. The stock has a market capitalization of C$3.19 billion, a PE ratio of 449.00 and a beta of 1.62. The company’s 50-day moving average is C$3.99 and its 200-day moving average is C$3.57.

OceanaGold (TSE:OGC) last announced its quarterly earnings data 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 firm had revenue of C$470.93 million during the quarter. On average, 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.