OceanaGold Co. (TSE:OGC) Receives Consensus Rating of “Buy” from Brokerages

OceanaGold Co. (TSE:OGC) has been given a consensus rating of “Buy” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$5.13.

Several research analysts recently commented on OGC shares. Scotiabank increased their price target on OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. CIBC reduced their price target on OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. National Bankshares reduced their price target 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. Finally, Royal Bank of Canada increased their price target on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th.

OceanaGold Price Performance

Shares of OceanaGold stock opened at C$4.04 on Wednesday. The company has a market capitalization of C$2.87 billion, a P/E ratio of 404.00 and a beta of 1.62. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$4.57. The business has a 50-day moving average of C$4.11 and a two-hundred day moving average of C$3.81.

OceanaGold (TSE:OGC) last posted 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 for the quarter. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. On average, equities analysts anticipate that OceanaGold will post 0.6283048 EPS for the current fiscal year.

OceanaGold Company Profile

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.