OceanaGold (TSE:OGC) Price Target Raised to C$43.00 at Jefferies Financial Group

OceanaGold (TSE:OGC) had its price target increased by Jefferies Financial Group from C$42.00 to C$43.00 in a research report released on Thursday,BayStreet.CA reports.

Other analysts also recently issued reports about the stock. TD Securities upgraded shares of OceanaGold from a “hold” rating to a “buy” rating and raised their price objective for the company from C$22.00 to C$30.00 in a research report on Monday, September 8th. CIBC increased their price target on OceanaGold from C$30.00 to C$50.00 in a research note on Friday, October 10th. Royal Bank Of Canada boosted their price objective on OceanaGold from C$28.00 to C$34.00 in a research report on Wednesday, September 10th. Finally, Canaccord Genuity Group upped their price objective on OceanaGold from C$25.00 to C$36.00 in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, OceanaGold presently has an average rating of “Buy” and a consensus target price of C$31.84.

OceanaGold Trading Up 2.5%

TSE OGC opened at C$31.73 on Thursday. OceanaGold has a 12 month low of C$10.86 and a 12 month high of C$37.08. The stock has a market cap of C$7.33 billion, a price-to-earnings ratio of 20.08 and a beta of 1.54. The company’s 50 day moving average is C$30.08 and its two-hundred day moving average is C$22.98.

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.