OceanaGold (TSE:OGC) Price Target Raised to C$65.00

OceanaGold (TSE:OGC) had its target price hoisted by investment analysts at Scotiabank from C$44.00 to C$65.00 in a report issued on Monday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 23.69% from the company’s current price.

OGC has been the subject of a number of other research reports. CIBC increased their price objective on shares of OceanaGold from C$30.00 to C$50.00 in a research report on Friday, October 10th. Canaccord Genuity Group boosted their price target on shares of OceanaGold from C$25.00 to C$36.00 in a research note on Thursday, October 2nd. Desjardins set a C$50.00 price target on shares of OceanaGold and gave the stock a “buy” rating in a research report on Friday, November 28th. TD Securities lifted their price objective on shares of OceanaGold from C$38.00 to C$56.00 in a report on Thursday. Finally, Jefferies Financial Group increased their target price on shares of OceanaGold from C$45.00 to C$53.00 in a report on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat.com, OceanaGold currently has an average rating of “Buy” and a consensus price target of C$42.81.

OceanaGold Trading Up 3.9%

OceanaGold stock traded up C$1.96 during mid-day trading on Monday, hitting C$52.55. The company’s stock had a trading volume of 406,711 shares, compared to its average volume of 565,238. OceanaGold has a 1 year low of C$10.86 and a 1 year high of C$53.74. The stock’s fifty day moving average is C$39.14 and its two-hundred day moving average is C$31.16. The firm has a market capitalization of C$12.00 billion, a PE ratio of 30.73 and a beta of 1.85.

OceanaGold (TSE:OGC) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.40 earnings per share (EPS) for the quarter. The firm had revenue of C$624.50 million for the quarter. OceanaGold had a net margin of 5.86% and a return on equity of 3.82%. On average, equities analysts expect that OceanaGold will post 0.6283048 EPS 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.