OceanaGold (TSE:OGC) Stock Price Expected to Rise, TD Securities Analyst Says

OceanaGold (TSE:OGC) had its price target hoisted by equities research analysts at TD Securities from C$38.00 to C$56.00 in a note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 10.00% from the company’s current price.

Several other research firms also recently commented on OGC. Jefferies Financial Group lifted their price objective on OceanaGold from C$45.00 to C$53.00 in a report on Monday. Canaccord Genuity Group lifted their price target on shares of OceanaGold from C$25.00 to C$36.00 in a research note on Thursday, October 2nd. CIBC increased their price objective on shares of OceanaGold from C$30.00 to C$50.00 in a research report on Friday, October 10th. Finally, Desjardins set a C$50.00 target price on shares of OceanaGold and gave the stock a “buy” rating in a report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, OceanaGold presently has an average rating of “Buy” and an average target price of C$37.86.

OceanaGold Stock Performance

Shares of OGC traded up C$2.46 during trading hours on Thursday, hitting C$50.91. The company had a trading volume of 350,004 shares, compared to its average volume of 545,137. The stock has a market capitalization of C$11.63 billion, a price-to-earnings ratio of 29.77 and a beta of 1.85. The firm has a fifty day moving average price of C$38.52 and a 200-day moving average price of C$30.65. OceanaGold has a 52-week low of C$10.86 and a 52-week high of C$51.24.

OceanaGold (TSE:OGC) last issued 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 for the quarter. Research analysts anticipate that OceanaGold will post 0.6283048 earnings per share 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.