OceanaGold Co. (TSE:OGC) Given Consensus Rating of “Buy” by Brokerages

OceanaGold Co. (TSE:OGC) has received an average recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target 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 research reports. CIBC decreased their price objective on OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. National Bankshares decreased their price target on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Scotiabank boosted their price objective on shares of OceanaGold from C$4.75 to C$6.00 in a research report on Thursday, November 21st. Finally, Royal Bank of Canada raised their target price on shares of OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th.

OceanaGold Stock Performance

Shares of OGC opened at C$4.03 on Friday. The stock has a 50 day simple moving average of C$4.11 and a 200 day simple moving average of C$3.73. OceanaGold has a 52-week low of C$2.08 and a 52-week high of C$4.57. The firm has a market capitalization of C$2.87 billion, a PE ratio of 403.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last announced its earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. The company had revenue of C$470.93 million during the quarter. Equities research analysts predict 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.