Scotiabank Raises OceanaGold (TSE:OGC) Price Target to C$6.00

OceanaGold (TSE:OGC) had its price target lifted by Scotiabank from C$4.75 to C$6.00 in a report released on Thursday,BayStreet.CA reports.

A number of other equities analysts have also weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. National Bankshares cut 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 research report on Wednesday, October 23rd. Finally, CIBC lowered their target price on shares of OceanaGold from C$5.25 to C$4.50 in a report on Thursday, November 7th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$4.93.

OceanaGold Stock Down 0.2 %

Shares of TSE:OGC opened at C$4.44 on Thursday. The company has a market cap of C$3.16 billion, a price-to-earnings ratio of 444.00 and a beta of 1.62. The firm’s 50-day simple moving average is C$3.92 and its 200-day simple moving average is C$3.54. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$4.51.

OceanaGold (TSE:OGC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.12 EPS 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 company had revenue of C$470.93 million during the quarter. On average, research 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.