OceanaGold (TSE:OGC) Given New C$6.00 Price Target at CIBC

OceanaGold (TSE:OGC) had its price objective boosted by CIBC from C$4.50 to C$6.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

A number of other research analysts have also weighed in on the stock. Scotiabank raised their target price on shares of OceanaGold from C$4.75 to C$6.00 in a research note on Thursday, November 21st. Royal Bank of Canada increased their price target on OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, National Bankshares lowered their price objective 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. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$5.08.

OceanaGold Stock Performance

TSE OGC opened at C$4.49 on Monday. The business has a fifty day moving average price of C$3.99 and a 200 day moving average price of C$3.57. The company has a market cap of C$3.19 billion, a P/E ratio of 449.00 and a beta of 1.62. OceanaGold has a one year low of C$2.08 and a one year high of C$4.53.

OceanaGold (TSE:OGC) last issued its 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). The business had revenue of C$470.93 million during the quarter. OceanaGold had a net margin of 0.10% and a return on equity of 0.24%. As a group, sell-side analysts predict that OceanaGold will post 0.6283048 EPS 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.