OceanaGold Co. (TSE:OGC) Receives Consensus Rating of “Buy” from Brokerages

Shares of OceanaGold Co. (TSE:OGC) have received an average rating of “Buy” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$34.08.

Several equities analysts have commented on OGC shares. Royal Bank Of Canada increased their target price on shares of OceanaGold from C$28.00 to C$34.00 in a research report on Wednesday, September 10th. Desjardins set a C$50.00 price target on OceanaGold and gave the stock a “buy” rating in a research note on Friday, November 28th. Jefferies Financial Group increased their price objective on OceanaGold from C$43.00 to C$45.00 in a report on Monday, December 8th. CIBC raised their price objective on OceanaGold from C$30.00 to C$50.00 in a research note on Friday, October 10th. Finally, Canaccord Genuity Group boosted their target price on OceanaGold from C$25.00 to C$36.00 in a report on Thursday, October 2nd.

OceanaGold Stock Performance

Shares of OGC opened at C$39.53 on Tuesday. The firm has a market cap of C$9.03 billion, a PE ratio of 23.12 and a beta of 1.53. The firm’s 50 day moving average price is C$34.78 and its 200 day moving average price is C$27.80. OceanaGold has a twelve month low of C$10.86 and a twelve month high of C$41.35.

OceanaGold (TSE:OGC) last posted its earnings results on Wednesday, November 5th. The company reported C$0.40 EPS for the quarter. The company had revenue of C$624.50 million during the quarter. OceanaGold had a net margin of 5.86% and a return on equity of 3.82%. On average, sell-side analysts anticipate that OceanaGold will post 0.6283048 earnings per share for the current fiscal year.

OceanaGold Company Profile

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.