Analysts Set OceanaGold Co. (TSE:OGC) Price Target at C$44.58

Shares of OceanaGold Co. (TSE:OGC) have been given an average recommendation of “Buy” by the five analysts that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$44.58.

A number of research analysts have recently issued reports on OGC shares. TD Securities lifted their price objective on shares of OceanaGold from C$38.00 to C$56.00 in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce lifted their price target on shares of OceanaGold from C$50.00 to C$66.00 in a report on Wednesday, February 4th. Scotiabank increased their price objective on OceanaGold from C$44.00 to C$65.00 in a report on Monday, January 26th. Desjardins set a C$50.00 price objective on OceanaGold and gave the stock a “buy” rating in a research report on Friday, November 28th. Finally, Jefferies Financial Group boosted their target price on OceanaGold from C$45.00 to C$53.00 in a research note on Monday, January 19th.

OceanaGold Price Performance

Shares of TSE OGC opened at C$52.75 on Wednesday. OceanaGold has a 1-year low of C$10.86 and a 1-year high of C$54.02. The business has a fifty day moving average price of C$43.65 and a 200 day moving average price of C$34.11. The stock has a market capitalization of C$12.05 billion, a P/E ratio of 30.85 and a beta of 1.94.

OceanaGold (TSE:OGC) last posted its earnings results on Wednesday, November 5th. The company reported C$0.40 earnings per share (EPS) for the quarter. The company had revenue of C$624.50 million for the quarter. OceanaGold had a return on equity of 3.82% and a net margin of 5.86%. As a group, equities research analysts anticipate 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.