Analysts Set OceanaGold Co. (TSE:OGC) Target Price at C$4.19

OceanaGold Co. (TSE:OGC) has received a consensus recommendation of “Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$4.19.

Several equities research analysts recently weighed in on OGC shares. Canaccord Genuity Group increased their price objective on shares of OceanaGold from C$4.00 to C$4.25 in a research note on Tuesday, April 23rd. Raymond James raised their price target on shares of OceanaGold from C$4.50 to C$5.00 in a research note on Tuesday, April 23rd. BMO Capital Markets lowered their target price on OceanaGold from C$4.25 to C$3.75 in a research report on Thursday, February 22nd. Scotiabank lifted their target price on OceanaGold from C$4.00 to C$4.25 in a research note on Thursday, May 23rd. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of OceanaGold in a research note on Monday, April 8th.

OceanaGold Price Performance

Shares of OGC opened at C$3.16 on Tuesday. The business’s fifty day moving average price is C$3.16 and its 200 day moving average price is C$2.82. OceanaGold has a 12-month low of C$2.08 and a 12-month high of C$3.50. The stock has a market capitalization of C$2.25 billion, a PE ratio of 45.14 and a beta of 1.61.

OceanaGold (TSE:OGC) last released its quarterly earnings data on Tuesday, April 30th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.02 by C($0.01). The business had revenue of C$364.40 million for the quarter. OceanaGold had a return on equity of 2.29% and a net margin of 3.69%. As a group, research analysts anticipate that OceanaGold will post 0.3147257 earnings per share for the current fiscal 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.