OceanaGold Co. (TSE:OGC) Given Average Rating of “Buy” by Analysts

OceanaGold Co. (TSE:OGC) has been assigned a consensus rating of “Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$5.10.

OGC has been the subject of a number of recent research reports. Royal Bank of Canada raised their price target on OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. Scotiabank raised their price objective on shares of OceanaGold from C$4.75 to C$6.00 in a research report on Thursday, November 21st. National Bankshares decreased their target price 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 cut their price target on shares of OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th.

OceanaGold Stock Performance

Shares of OGC opened at C$4.02 on Friday. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$4.57. The company has a market capitalization of C$2.86 billion, a PE ratio of 402.00 and a beta of 1.62. The company’s 50 day moving average price is C$4.12 and its 200 day moving average price is C$3.70.

OceanaGold (TSE:OGC) last posted its quarterly earnings results 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 for the quarter. On average, equities analysts forecast 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.