OceanaGold (TSE:OGC) Upgraded at TD Securities

TD Securities upgraded shares of OceanaGold (TSE:OGC) to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. CIBC lowered their target price on shares of OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. Royal Bank of Canada boosted their price objective on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. Scotiabank increased their target price on OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. Finally, National Bankshares decreased 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. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, OceanaGold has a consensus rating of “Buy” and a consensus target price of C$5.13.

OceanaGold Stock Down 2.4 %

TSE OGC opened at C$4.47 on Tuesday. The stock’s 50-day moving average price is C$4.16 and its 200-day moving average price is C$3.89. The company has a market capitalization of C$3.18 billion, a P/E ratio of 447.00 and a beta of 1.62. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$4.69.

OceanaGold (TSE:OGC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.14 by C($0.02). The firm had revenue of C$470.93 million for the quarter. OceanaGold had a net margin of 0.10% and a return on equity of 0.24%. Research analysts anticipate that OceanaGold will post 0.6283048 EPS 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.