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

OceanaGold Co. (TSE:OGC) has received a consensus rating of “Buy” from the six analysts that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$5.13.

Several equities research analysts have commented on OGC shares. Royal Bank of Canada boosted their price target on shares of OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. Scotiabank boosted their target price on shares of OceanaGold from C$6.00 to C$6.25 in a report on Wednesday, January 15th. CIBC cut their target price on shares of OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. Finally, National Bankshares decreased their price target 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.

OceanaGold Trading Up 3.4 %

Shares of TSE:OGC opened at C$4.25 on Wednesday. The company has a 50 day moving average of C$4.13 and a 200-day moving average of C$3.83. The firm has a market cap of C$3.02 billion, a P/E ratio of 425.00 and a beta of 1.62. OceanaGold has a twelve month low of C$2.08 and a twelve month high of C$4.57.

OceanaGold (TSE:OGC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$470.93 million for the quarter. Equities research analysts forecast that OceanaGold will post 0.6283048 EPS 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.