OceanaGold (TSE:OGC) Price Target Raised to C$53.00

OceanaGold (TSE:OGC) had its price target lifted by Jefferies Financial Group from C$45.00 to C$53.00 in a research note released on Monday,BayStreet.CA reports.

Several other research analysts also recently commented on OGC. 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. 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. Finally, CIBC lifted their price target on shares of OceanaGold from C$30.00 to C$50.00 in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$34.97.

OceanaGold Stock Performance

OceanaGold stock opened at C$48.45 on Monday. The company has a 50 day moving average price of C$38.52 and a 200 day moving average price of C$30.65. The firm has a market capitalization of C$11.07 billion, a price-to-earnings ratio of 28.33 and a beta of 1.85. OceanaGold has a 52 week low of C$10.86 and a 52 week high of C$49.24.

OceanaGold (TSE:OGC) last released its earnings results on Wednesday, November 5th. The company reported C$0.40 earnings per share (EPS) for the quarter. OceanaGold had a net margin of 5.86% and a return on equity of 3.82%. The company had revenue of C$624.50 million during the quarter. Equities analysts forecast 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.