OceanaGold (TSE:OGC) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of OceanaGold (TSE:OGC) to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

OGC has been the subject of several other reports. Royal Bank of Canada upped their target price on shares of OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. Scotiabank upped their price target on shares of OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. National Bankshares cut their price target 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, CIBC cut their price target on shares of OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$5.13.

OceanaGold Price Performance

OGC opened at C$4.58 on Tuesday. OceanaGold has a one year low of C$2.08 and a one year high of C$4.69. The company has a fifty day moving average price of C$4.16 and a 200-day moving average price of C$3.89. The firm has a market capitalization of C$3.26 billion, a P/E ratio of 458.00 and a beta of 1.62.

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