OceanaGold (OGC) Price Target Cut to C$5.50

OceanaGold (TSE:OGC) had its price objective lowered by National Bank Financial from C$5.75 to C$5.50 in a research report report published on Sunday, March 4th. The firm currently has an outperform rating on the stock.

Separately, Scotiabank reduced their target price on shares of OceanaGold to C$5.00 and set an outperform rating on the stock in a report on Thursday, November 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. OceanaGold currently has a consensus rating of Buy and an average target price of C$5.27.

Shares of OceanaGold stock traded up C$0.03 during mid-day trading on Friday, reaching C$3.47. 1,952,110 shares of the company’s stock traded hands, compared to its average volume of 1,640,611. The stock has a market capitalization of $2,140.00, a price-to-earnings ratio of 9.91 and a beta of -0.12. OceanaGold has a one year low of C$2.92 and a one year high of C$5.00.

OceanaGold (TSE:OGC) last issued its earnings results on Thursday, February 22nd. The company reported C$0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.09 by C$0.09. The firm had revenue of C$312.58 million for the quarter. OceanaGold had a net margin of 36.01% and a return on equity of 24.55%.

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About OceanaGold

OceanaGold Corporation is a gold mining company. The Company is engaged in the exploration, development and operation of gold and other mineral mining activities. The Company’s segments are New Zealand, the Philippines, the United States and All other segments. The Company’s assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines.

Analyst Recommendations for OceanaGold (TSE:OGC)

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