OceanaGold (TSE:OGC – Get Free Report) had its price objective boosted by investment analysts at Canaccord Genuity Group from C$4.00 to C$4.25 in a research note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price would indicate a potential upside of 40.26% from the company’s current price.
Other equities research analysts have also issued reports about the stock. Desjardins increased their target price on shares of OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. CIBC raised their price target on OceanaGold from C$4.50 to C$5.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. National Bankshares dropped their price objective on OceanaGold from C$4.00 to C$3.75 in a research note on Friday, February 23rd. Cormark cut their target price on OceanaGold from C$3.25 to C$3.00 in a research report on Monday, February 26th. Finally, Raymond James boosted their price target on OceanaGold from C$4.50 to C$5.00 in a report on Tuesday. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$4.08.
Get Our Latest Research Report on OGC
OceanaGold Trading Down 0.7 %
OceanaGold (TSE:OGC – Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). The company had revenue of C$363.94 million during the quarter. OceanaGold had a return on equity of 4.88% and a net margin of 8.10%. On average, sell-side analysts predict that OceanaGold will post 0.2977737 earnings per share for the current year.
Insider Buying and Selling at OceanaGold
In other OceanaGold news, Director Paul Benson bought 44,400 shares of OceanaGold stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average cost of C$2.25 per share, for a total transaction of C$99,678.00. 0.14% of the stock is owned by company insiders.
OceanaGold Company Profile
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.
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