OceanaGold Co. (TSE:OGC) Receives C$5.08 Average PT from Brokerages

Shares of OceanaGold Co. (TSE:OGC) have earned a consensus recommendation of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$5.08.

Several analysts recently weighed in on OGC shares. Royal Bank of Canada increased their price target on OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Tuesday, September 10th. National Bankshares decreased their price target on 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 increased their price target on OceanaGold from C$4.50 to C$6.00 in a report on Monday. Finally, Scotiabank increased their price target on OceanaGold from C$4.75 to C$6.00 in a report on Thursday, November 21st.

OceanaGold Price Performance

OGC stock opened at C$4.44 on Tuesday. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$4.57. The company has a market capitalization of C$3.16 billion, a price-to-earnings ratio of 448.00 and a beta of 1.62. The business has a 50 day simple moving average of C$4.02 and a two-hundred day simple moving average of C$3.59.

OceanaGold (TSE:OGC) last posted its quarterly 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 business 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%. Sell-side analysts anticipate that OceanaGold will post 0.6283048 EPS 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.