Scotiabank Raises OceanaGold (TSE:OGC) Price Target to C$6.25

OceanaGold (TSE:OGC) had its price objective boosted by research analysts at Scotiabank from C$6.00 to C$6.25 in a research note issued to investors on Wednesday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 56.25% from the stock’s current price. Scotiabank also issued estimates for OceanaGold’s FY2026 earnings at $0.45 EPS.

OGC has been the topic of several other reports. National Bankshares lowered their price target on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. CIBC dropped their price target on shares of OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Finally, Royal Bank of Canada raised their price objective on shares of OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, OceanaGold currently has a consensus rating of “Buy” and a consensus price target of C$5.13.

OceanaGold Stock Down 1.7 %

Shares of OGC traded down C$0.07 on Wednesday, hitting C$4.00. 395,373 shares of the stock traded hands, compared to its average volume of 931,511. The stock’s 50 day moving average is C$4.10 and its two-hundred day moving average is C$3.78. The firm has a market capitalization of C$2.84 billion, a P/E ratio of 400.00 and a beta of 1.62. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$4.57.

OceanaGold (TSE:OGC) last released its earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The company had revenue of C$470.93 million during the quarter. OceanaGold had a net margin of 0.10% and a return on equity of 0.24%. Research analysts forecast that OceanaGold will post 0.6283048 EPS for the current 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.