OceanaGold (TSE:OGC) Price Target Raised to C$45.00

OceanaGold (TSE:OGC) had its target price raised by Jefferies Financial Group from C$43.00 to C$45.00 in a research report report published on Monday,BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on OGC. CIBC raised their price target on shares of 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 shares of OceanaGold from C$28.00 to C$34.00 in a research report on Wednesday, September 10th. Desjardins set a C$50.00 target price on shares of OceanaGold and gave the stock a “buy” rating in a research report on Friday, November 28th. TD Securities raised shares of OceanaGold from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$22.00 to C$30.00 in a research note on Monday, September 8th. Finally, Canaccord Genuity Group boosted their price target on OceanaGold from C$25.00 to C$36.00 in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$34.08.

OceanaGold Stock Performance

OceanaGold stock opened at C$37.16 on Monday. OceanaGold has a fifty-two week low of C$10.86 and a fifty-two week high of C$37.50. The company has a market capitalization of C$8.49 billion, a price-to-earnings ratio of 21.73 and a beta of 1.53. The stock has a fifty day moving average of C$33.39 and a two-hundred day moving average of C$26.17.

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

OceanaGold Company Profile

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.