OceanaGold (TSE:OGC) Price Target Raised to C$6.00 at Scotiabank

OceanaGold (TSE:OGC) had its target price hoisted by Scotiabank from C$4.75 to C$6.00 in a research report released on Thursday,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on OGC. Royal Bank of Canada boosted their price target on OceanaGold from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. National Bankshares dropped their price target on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, CIBC dropped their price target on OceanaGold from C$5.25 to C$4.50 in a research note on Thursday, November 7th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, OceanaGold presently has a consensus rating of “Buy” and a consensus target price of C$4.93.

OceanaGold Price Performance

OGC stock opened at C$4.45 on Thursday. The business has a 50-day moving average price of C$3.90 and a 200 day moving average price of C$3.53. The company has a market capitalization of C$3.17 billion, a P/E ratio of 445.00 and a beta of 1.62. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$4.45.

OceanaGold (TSE:OGC) last announced its earnings results on Wednesday, November 6th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The firm had revenue of C$470.93 million during 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 earnings per share 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.