OceanaGold Co. (TSE:OGC) Given Average Recommendation of “Buy” by Analysts

OceanaGold Co. (TSE:OGCGet Free Report) has been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$5.13.

A number of brokerages recently commented on OGC. Royal Bank of Canada raised their price target on OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. CIBC dropped their target price on shares of OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Scotiabank boosted their price target on shares of OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. Finally, National Bankshares lowered their price objective on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd.

Get Our Latest Analysis on OceanaGold

OceanaGold Stock Up 1.4 %

Shares of OGC opened at C$4.20 on Wednesday. The stock has a market capitalization of C$2.99 billion, a P/E ratio of 420.00 and a beta of 1.62. OceanaGold has a twelve month low of C$2.08 and a twelve month high of C$4.57. The firm has a fifty day simple moving average of C$4.14 and a two-hundred day simple moving average of C$3.84.

OceanaGold (TSE:OGCGet Free Report) last posted its earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.14 by C($0.02). OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. The business had revenue of C$470.93 million during the quarter. Sell-side analysts expect that OceanaGold will post 0.6283048 EPS for the current fiscal year.

About OceanaGold

(Get Free Report

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.

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Analyst Recommendations for OceanaGold (TSE:OGC)

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