Scotiabank Raises OceanaGold (TSE:OGC) Price Target to C$4.25

OceanaGold (TSE:OGC) had its target price raised by Scotiabank from C$4.00 to C$4.25 in a research report report published on Thursday, BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. National Bank Financial reaffirmed an outperform overweight rating on shares of OceanaGold in a research report on Monday, April 8th. Canaccord Genuity Group raised their price objective on OceanaGold from C$4.00 to C$4.25 in a research report on Tuesday, April 23rd. Raymond James upped their target price on OceanaGold from C$4.50 to C$5.00 in a research report on Tuesday, April 23rd. CIBC lifted their price target on shares of OceanaGold from C$4.50 to C$5.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. Finally, Desjardins upgraded OceanaGold to a moderate buy rating in a research note on Friday, May 10th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of C$4.19.

OceanaGold Stock Up 5.0 %

Shares of TSE:OGC opened at C$3.18 on Thursday. The company has a market capitalization of C$2.26 billion, a P/E ratio of 45.43 and a beta of 1.61. The stock’s fifty day simple moving average is C$3.10 and its 200-day simple moving average is C$2.73. OceanaGold has a 52-week low of C$2.08 and a 52-week high of C$3.50.

OceanaGold (TSE:OGC) last announced its quarterly earnings data on Tuesday, April 30th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.02 by C($0.01). OceanaGold had a net margin of 3.69% and a return on equity of 2.29%. The firm had revenue of C$364.40 million for the quarter. On average, sell-side analysts anticipate that OceanaGold will post 0.3147257 earnings per share for the current year.

Insider Buying and Selling at OceanaGold

In other news, Director Paul Benson bought 44,400 shares of OceanaGold stock in a transaction on Tuesday, February 27th. The stock was purchased at an average cost of C$2.25 per share, with a total value of C$99,678.00. 0.15% of the stock is currently owned by insiders.

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.