OceanaGold (TSE:OGC) Upgraded at TD Securities

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

A number of other analysts have also weighed in on the stock. Royal Bank of Canada increased their price objective on shares of OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. National Bankshares reduced their price target on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Scotiabank boosted their price objective on OceanaGold from C$6.00 to C$6.25 in a report on Wednesday, January 15th. Finally, CIBC cut their price objective on OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, OceanaGold has a consensus rating of “Buy” and an average price target of C$5.13.

OceanaGold Stock Performance

TSE:OGC opened at C$4.47 on Tuesday. The firm has a market capitalization of C$3.18 billion, a PE ratio of 447.00 and a beta of 1.62. The stock’s fifty day moving average is C$4.16 and its 200 day moving average is C$3.89. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$4.69.

OceanaGold (TSE:OGC) last announced its 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). OceanaGold had a net margin of 0.10% and a return on equity of 0.24%. The firm had revenue of C$470.93 million during the quarter. Equities analysts forecast that OceanaGold will post 0.6283048 EPS 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.