OceanaGold (TSE:OGC) Reaches New 12-Month Low at $3.29

OceanaGold Corp (TSE:OGC) shares reached a new 52-week low on Tuesday . The stock traded as low as C$3.29 and last traded at C$3.29, with a volume of 98600 shares changing hands. The stock had previously closed at C$3.33.

Several equities analysts recently weighed in on the stock. Raymond James restated an “outperform” rating and set a C$5.50 price target on shares of OceanaGold in a research report on Tuesday, June 4th. Pi Financial increased their price target on shares of Wesdome Gold Mines from C$4.10 to C$4.30 in a research report on Monday, March 25th. Finally, National Bank Financial lowered shares of Detour Gold to a “hold” rating in a research report on Friday, June 28th. Six investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of C$5.25.

The company has a market cap of $2.07 billion and a P/E ratio of 23.57. The business’s 50-day moving average price is C$3.67. The company has a debt-to-equity ratio of 11.84, a quick ratio of 0.61 and a current ratio of 1.34.

OceanaGold (TSE:OGC) last posted its quarterly earnings results on Monday, April 29th. The company reported C$0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.05 by C($0.01). The company had revenue of C$238.62 million for the quarter. As a group, sell-side analysts forecast that OceanaGold Corp will post 0.18 EPS for the current fiscal year.

About OceanaGold (TSE:OGC)

OceanaGold Corporation engages in the exploration, development, and operation of mineral properties. The company operates the Didipio gold-copper mine on Luzon Island in the Philippines; the Macraes goldfield mine on the South Island of New Zealand; the Waihi gold mine on the North Island of New Zealand; and Haile gold mine located in South Carolina, United States of America.

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