OceanaGold (TSE:OGC) Price Target Lowered to C$4.50 at CIBC

OceanaGold (TSE:OGC) had its price target cut by CIBC from C$5.25 to C$4.50 in a research note released on Thursday,BayStreet.CA reports.

Several other research analysts have also recently weighed in on OGC. Canaccord Genuity Group upped their price objective on shares of OceanaGold from C$4.50 to C$5.50 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 23rd. National Bankshares decreased their price objective on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada upped their price objective on shares of OceanaGold from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group upped their price objective on shares of OceanaGold from C$4.00 to C$5.00 in a research report on Friday, July 12th. Finally, Desjardins increased their price target on shares of OceanaGold from C$4.90 to C$5.50 and gave the company a “buy” rating in a research report on Monday, July 22nd. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, OceanaGold has a consensus rating of “Buy” and a consensus target price of C$4.80.

OceanaGold Trading Down 2.0 %

Shares of TSE:OGC traded down C$0.08 during midday trading on Thursday, reaching C$3.89. The company had a trading volume of 855,106 shares, compared to its average volume of 1,470,441. The company’s 50 day moving average price is C$3.81 and its 200 day moving average price is C$3.47. The stock has a market cap of C$2.77 billion, a P/E ratio of 386.00 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.

OceanaGold (TSE:OGC) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.14 by C($0.02). OceanaGold had a net margin of 0.10% and a return on equity of 0.24%. The business had revenue of C$470.93 million for the quarter. Research analysts forecast that OceanaGold will post 0.6283048 EPS for the current fiscal 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.