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

Shares of OceanaGold Co. (TSE:OGC) have been assigned an average recommendation of “Buy” from the five analysts that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$37.86.

Several brokerages have recently weighed in on OGC. CIBC lifted their price target on shares of OceanaGold from C$30.00 to C$50.00 in a research note on Friday, October 10th. TD Securities lifted their target price on OceanaGold from C$38.00 to C$56.00 in a research report on Thursday. Canaccord Genuity Group upped their price target on OceanaGold from C$25.00 to C$36.00 in a research report on Thursday, October 2nd. Jefferies Financial Group lifted their price objective on OceanaGold from C$45.00 to C$53.00 in a research report on Monday, January 19th. Finally, Desjardins set a C$50.00 price objective on OceanaGold and gave the company a “buy” rating in a research note on Friday, November 28th.

OceanaGold Stock Performance

Shares of OGC stock opened at C$50.59 on Friday. The company has a market capitalization of C$11.56 billion, a price-to-earnings ratio of 29.58 and a beta of 1.85. OceanaGold has a one year low of C$10.86 and a one year high of C$51.70. The company’s 50-day moving average is C$39.14 and its 200 day moving average is C$31.00.

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

About OceanaGold

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.