OceanaGold Co. (TSE:OGC) Receives C$34.08 Consensus Target Price from Brokerages

OceanaGold Co. (TSE:OGC) has received an average rating of “Buy” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$34.08.

Several research firms recently weighed in on OGC. TD Securities upgraded shares of OceanaGold from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$22.00 to C$30.00 in a research report on Monday, September 8th. Desjardins set a C$50.00 price target on shares of OceanaGold and gave the stock a “buy” rating in a research note on Friday, November 28th. CIBC increased their price target on shares of OceanaGold from C$30.00 to C$50.00 in a report on Friday, October 10th. Jefferies Financial Group raised their price objective on shares of OceanaGold from C$43.00 to C$45.00 in a research report on Monday, December 8th. Finally, Canaccord Genuity Group upped their target price on shares of OceanaGold from C$25.00 to C$36.00 in a research report on Thursday, October 2nd.

OceanaGold Stock Performance

Shares of OGC stock opened at C$39.53 on Tuesday. The company has a market capitalization of C$9.03 billion, a PE ratio of 23.12 and a beta of 1.53. OceanaGold has a 52-week low of C$10.86 and a 52-week high of C$41.35. The business’s fifty day moving average is C$34.67 and its 200 day moving average is C$27.66.

OceanaGold (TSE:OGC) last posted its earnings results on Wednesday, November 5th. The company reported C$0.40 EPS for the quarter. OceanaGold had a return on equity of 3.82% and a net margin of 5.86%.The business had revenue of C$624.50 million during the quarter. On average, sell-side analysts forecast that OceanaGold will post 0.6283048 EPS for the current fiscal year.

About OceanaGold

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.