OceanaGold Co. (TSE:OGC) Receives Average Recommendation of “Buy” from Brokerages

OceanaGold Co. (TSE:OGC) has been given an average rating of “Buy” by the six ratings firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$5.13.

A number of equities analysts have weighed in on OGC shares. Royal Bank of Canada upped their price target on shares of OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. CIBC dropped their target price on shares of OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. Scotiabank raised their price target on OceanaGold from C$6.00 to C$6.25 in a report on Wednesday, January 15th. Finally, National Bankshares dropped their price objective on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd.

OceanaGold Price Performance

TSE OGC opened at C$4.20 on Wednesday. The stock has a market capitalization of C$2.99 billion, a price-to-earnings ratio of 420.00 and a beta of 1.62. The business’s fifty day moving average price is C$4.14 and its 200-day moving average price is C$3.84. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$4.57.

OceanaGold (TSE:OGC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.14 by C($0.02). The business had revenue of C$470.93 million for the quarter. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. Equities research analysts anticipate that OceanaGold will post 0.6283048 EPS for the current year.

About OceanaGold

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.