OceanaGold (TSE:OGC) Given New C$6.25 Price Target at Scotiabank

OceanaGold (TSE:OGC) had its price target increased by Scotiabank from C$6.00 to C$6.25 in a research note issued to investors on Wednesday,BayStreet.CA reports. Scotiabank also issued estimates for OceanaGold’s FY2026 earnings at $0.45 EPS.

Several other analysts have also recently issued reports on OGC. National Bankshares dropped their target price on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada upped their price objective on shares of OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. Finally, CIBC reduced their target price on shares of OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, OceanaGold currently has a consensus rating of “Buy” and a consensus price target of C$5.13.

OceanaGold Trading Down 0.5 %

TSE:OGC opened at C$4.05 on Wednesday. The company has a market cap of C$2.88 billion, a P/E ratio of 405.00 and a beta of 1.62. OceanaGold has a twelve month low of C$2.08 and a twelve month high of C$4.57. The company’s 50-day moving average price is C$4.10 and its 200-day moving average price is C$3.78.

OceanaGold (TSE:OGC) last released its earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The business had revenue of C$470.93 million during the quarter. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. On average, analysts expect that OceanaGold will post 0.6283048 earnings per share 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.