OceanaGold (TSE:OGC) Price Target Raised to C$5.25

OceanaGold (TSE:OGCGet Free Report) had its price target raised by CIBC from C$5.00 to C$5.25 in a report released on Wednesday, BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 50.86% from the stock’s current price.

A number of other research analysts have also weighed in on OGC. Jefferies Financial Group raised their price objective on OceanaGold from C$3.50 to C$4.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Desjardins raised OceanaGold to a “moderate buy” rating in a research note on Friday, May 10th. Raymond James upped their price objective on OceanaGold from C$4.50 to C$5.00 in a report on Tuesday, April 23rd. Canaccord Genuity Group boosted their price target on shares of OceanaGold from C$4.00 to C$4.25 in a research report on Tuesday, April 23rd. Finally, National Bankshares decreased their price target on shares of OceanaGold from C$4.75 to C$4.50 in a research note on Thursday, May 2nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$4.22.

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OceanaGold Trading Up 0.9 %

OGC traded up C$0.03 on Wednesday, hitting C$3.48. 391,907 shares of the company’s stock traded hands, compared to its average volume of 1,411,709. The company’s 50 day simple moving average is C$3.18 and its 200-day simple moving average is C$2.91. OceanaGold has a one year low of C$2.08 and a one year high of C$3.54. The firm has a market cap of C$2.48 billion, a price-to-earnings ratio of 49.71 and a beta of 1.61.

OceanaGold (TSE:OGCGet Free Report) last released its earnings results on Tuesday, April 30th. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.02 by C($0.01). OceanaGold had a return on equity of 2.29% and a net margin of 3.69%. The company had revenue of C$364.40 million during the quarter. As a group, equities analysts anticipate that OceanaGold will post 0.3147257 EPS for the current fiscal year.

About OceanaGold

(Get Free Report)

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.

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Analyst Recommendations for OceanaGold (TSE:OGC)

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