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

OceanaGold Co. (TSE:OGC) has earned a consensus rating of “Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$4.80.

A number of equities analysts have recently commented on OGC shares. Canaccord Genuity Group boosted their price target on OceanaGold from C$4.50 to C$5.50 and gave the stock a “strong-buy” rating in a report on Tuesday, July 23rd. Scotiabank increased their target price on shares of OceanaGold from C$4.25 to C$4.75 in a report on Monday, August 19th. CIBC reduced their price target on shares of OceanaGold from C$5.25 to C$4.50 in a research note on Thursday, November 7th. National Bankshares lowered their price objective on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada raised their target price on shares of OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research report on Tuesday, September 10th.

OceanaGold Stock Up 1.3 %

OGC stock opened at C$3.85 on Friday. The company has a market cap of C$2.74 billion, a PE ratio of 385.00 and a beta of 1.62. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$4.41. The business has a 50-day simple moving average of C$3.84 and a 200 day simple moving average of C$3.49.

OceanaGold (TSE:OGC) last issued its quarterly 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). The firm had revenue of C$470.93 million for the quarter. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. On average, analysts anticipate that OceanaGold will post 0.6283048 EPS for the current fiscal year.

OceanaGold Company Profile

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.