OceanaGold (TSE:OGC) Price Target Lowered to C$5.75 at CIBC

OceanaGold (TSE:OGC) had its target price decreased by CIBC from C$6.00 to C$5.75 in a report issued on Friday morning,BayStreet.CA reports.

OGC has been the topic of a number of other reports. Scotiabank lifted their price target on shares of OceanaGold from C$4.75 to C$6.00 in a report on Thursday, November 21st. Royal Bank of Canada raised their price target on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. Finally, National Bankshares dropped their target price on 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. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$5.10.

OceanaGold Price Performance

TSE:OGC opened at C$4.08 on Friday. OceanaGold has a one year low of C$2.08 and a one year high of C$4.57. The firm has a market capitalization of C$2.90 billion, a price-to-earnings ratio of 408.00 and a beta of 1.62. The business has a fifty day moving average price of C$4.08 and a 200-day moving average price of C$3.65.

OceanaGold (TSE:OGC) last issued 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). The firm had revenue of C$470.93 million during the quarter. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. On average, equities research analysts expect that OceanaGold will post 0.6283048 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.