OceanaGold (OGC) to Release Quarterly Earnings on Wednesday

OceanaGold (TSE:OGC) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect OceanaGold to post earnings of C$0.16 per share for the quarter.

OceanaGold Stock Down 1.5 %

OGC opened at C$3.89 on Monday. The business’s fifty day simple moving average is C$3.80 and its 200 day simple moving average is C$3.46. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$4.41. The stock has a market cap of C$2.77 billion, a PE ratio of 389.00 and a beta of 1.62.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OGC. Royal Bank of Canada raised their price objective on OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Desjardins upped their price objective on shares of OceanaGold from C$4.90 to C$5.50 and gave the company a “buy” rating in a research note on Monday, July 22nd. National Bankshares reduced their target price on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. CIBC boosted their price target on shares of OceanaGold from C$5.00 to C$5.25 in a research note on Wednesday, July 10th. Finally, Scotiabank lifted their price objective on OceanaGold from C$4.25 to C$4.75 in a report on Monday, August 19th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$4.88.

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.