OceanaGold (TSE:OGC) Price Target Lowered to C$5.00 at National Bank Financial

OceanaGold (TSE:OGC) had its price target decreased by National Bank Financial from C$5.25 to C$5.00 in a research report released on Tuesday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on the company. Pi Financial cut their price objective on OceanaGold from C$6.00 to C$5.70 in a research report on Wednesday, August 21st. Raymond James reiterated a strong-buy rating and issued a C$5.00 price objective on shares of OceanaGold in a research report on Thursday, October 17th. Finally, BMO Capital Markets upgraded OceanaGold from a market perform rating to an outperform rating in a research report on Wednesday, September 11th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$5.16.

OceanaGold stock opened at C$3.01 on Tuesday. The company has a debt-to-equity ratio of 12.21, a current ratio of 1.21 and a quick ratio of 0.54. The company has a market capitalization of $1.92 billion and a PE ratio of 33.44. OceanaGold has a one year low of C$2.85 and a one year high of C$5.01. The business has a 50 day simple moving average of C$3.38 and a 200 day simple moving average of C$3.61.

OceanaGold (TSE:OGC) last posted its earnings results on Thursday, July 25th. The company reported C$0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.03 by C$0.01. The company had revenue of C$248.81 million for the quarter. Equities analysts anticipate that OceanaGold will post 0.2315232 earnings per share for the current fiscal year.

About OceanaGold

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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Analyst Recommendations for OceanaGold (TSE:OGC)

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