OceanaGold (TSE:OGC) Price Target Raised to C$5.50 at Desjardins

OceanaGold (TSE:OGC) had its price target upped by Desjardins from C$4.90 to C$5.50 in a report published on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock. Desjardins also issued estimates for OceanaGold’s Q2 2024 earnings at $0.03 EPS.

Other equities research analysts also recently issued research reports about the stock. National Bank Financial reissued an outperform overweight rating on shares of OceanaGold in a research report on Monday, April 8th. Raymond James upped their target price on shares of OceanaGold from C$4.50 to C$5.00 in a research note on Tuesday, April 23rd. Royal Bank of Canada raised OceanaGold to a moderate buy rating in a research note on Wednesday, June 12th. CIBC upped their price objective on OceanaGold from C$5.00 to C$5.25 in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group lifted their target price on OceanaGold from C$4.00 to C$5.00 in a research report on Friday, July 12th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, OceanaGold currently has an average rating of Buy and a consensus price target of C$4.69.

OceanaGold Trading Down 1.4 %

TSE OGC opened at C$3.64 on Monday. OceanaGold has a 12 month low of C$2.08 and a 12 month high of C$3.84. The company has a market capitalization of C$2.59 billion, a PE ratio of 52.00 and a beta of 1.61. The stock has a 50-day simple moving average of C$3.30 and a 200 day simple moving average of C$3.00.

OceanaGold (TSE:OGC) last issued its quarterly earnings data on Tuesday, April 30th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). The firm had revenue of C$364.40 million for the quarter. OceanaGold had a net margin of 3.69% and a return on equity of 2.29%. As a group, sell-side analysts predict that OceanaGold will post 0.3147257 earnings per share 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.