OceanaGold (TSE:OGC) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

OceanaGold (TSE:OGC) had its price objective upped by stock analysts at Royal Bank of Canada from C$5.50 to C$6.00 in a research note issued on Friday,BayStreet.CA reports.

Several other research analysts have also recently issued reports on the stock. Scotiabank raised their target price on shares of OceanaGold from C$4.75 to C$6.00 in a report on Thursday, November 21st. National Bankshares cut their target price on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, CIBC raised their target price on shares of OceanaGold from C$4.50 to C$6.00 in a report on Monday, December 2nd. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$5.13.

OceanaGold Price Performance

OceanaGold has a 52-week low of C$2.08 and a 52-week high of C$4.57. The company’s 50 day simple moving average is C$4.04 and its 200 day simple moving average is C$3.61. The company has a market capitalization of C$3.14 billion, a PE ratio of 441.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last issued its quarterly earnings results 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 business had revenue of C$470.93 million for the quarter. Sell-side analysts forecast 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.