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

OceanaGold Co. (TSE:OGC) has earned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$5.10.

Several brokerages recently issued reports on OGC. Royal Bank of Canada raised their target price on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. Scotiabank upped their target price on OceanaGold from C$4.75 to C$6.00 in a report on Thursday, November 21st. CIBC decreased their target price on shares of OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Finally, National Bankshares dropped 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 1.8 %

TSE:OGC opened at C$3.98 on Friday. The stock’s 50-day moving average is C$4.12 and its 200-day moving average is C$3.72. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$4.57. The stock has a market cap of C$2.83 billion, a P/E ratio of 398.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last posted its earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The business had revenue of C$470.93 million for the quarter. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. As a group, equities analysts forecast that OceanaGold will post 0.6283048 EPS for the current year.

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.