OceanaGold (TSE:OGC) Price Target Raised to C$5.50

OceanaGold (TSE:OGC) had its target price hoisted by Desjardins from C$4.90 to C$5.50 in a research report report published on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock. Desjardins also issued estimates for OceanaGold’s Q2 2024 earnings at $0.03 EPS.

OGC has been the subject of a number of other research reports. National Bank Financial reissued an outperform overweight rating on shares of OceanaGold in a research note on Monday, April 8th. Scotiabank boosted their price objective on OceanaGold from C$4.00 to C$4.25 in a research note on Thursday, May 23rd. Raymond James raised their target price on OceanaGold from C$4.50 to C$5.00 in a research report on Tuesday, April 23rd. Royal Bank of Canada raised OceanaGold to a moderate buy rating in a research note on Wednesday, June 12th. Finally, National Bankshares increased their price objective on OceanaGold from C$4.50 to C$5.00 and gave the company an outperform rating in a research note on Wednesday, July 17th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of C$4.69.

OceanaGold Trading Down 1.4 %

OGC opened at C$3.64 on Monday. OceanaGold has a 12-month low of C$2.08 and a 12-month high of C$3.84. The firm has a 50 day moving average of C$3.30 and a two-hundred day moving average of C$3.00. The firm has a market capitalization of C$2.59 billion, a PE ratio of 52.00 and a beta of 1.61.

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

OceanaGold Company Profile

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.