OceanaGold (TSE:OGC) PT Raised to C$4.75

OceanaGold (TSE:OGC) had its target price increased by investment analysts at Scotiabank from C$4.25 to C$4.75 in a research report issued to clients and investors on Monday, BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 29.43% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group increased their price objective on OceanaGold from C$4.00 to C$5.00 in a research note on Friday, July 12th. National Bankshares raised their price target on shares of OceanaGold from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Royal Bank of Canada upgraded shares of OceanaGold to a “moderate buy” rating in a research note on Wednesday, June 12th. Raymond James lifted their target price on shares of OceanaGold from C$4.50 to C$5.00 in a research note on Tuesday, April 23rd. Finally, Desjardins boosted their price target on shares of OceanaGold from C$4.90 to C$5.50 and gave the company a “buy” rating in a report on Monday, July 22nd. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$4.75.

OceanaGold Stock Performance

Shares of TSE:OGC opened at C$3.67 on Monday. The firm has a 50 day simple moving average of C$3.41 and a 200 day simple moving average of C$3.11. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$3.84. The company has a market cap of C$2.61 billion, a PE ratio of 367.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last announced its earnings results on Tuesday, July 30th. The company reported C$0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.05. The company had revenue of C$343.70 million for the quarter. OceanaGold had a net margin of 0.10% and a return on equity of 0.24%. On average, equities analysts predict that OceanaGold will post 0.3851133 earnings per share for the current 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.