CIBC Lowers OceanaGold (TSE:OGC) Price Target to C$5.75

OceanaGold (TSE:OGC - Free Report) had its target price reduced by CIBC from C$6.00 to C$5.75 in a report released on Friday,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada raised their target price on OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. Scotiabank raised their target price on OceanaGold from C$4.75 to C$6.00 in a research note on Thursday, November 21st. 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. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, OceanaGold currently has a consensus rating of "Buy" and a consensus price target of C$5.10.

OceanaGold Trading Down 5.3 %

OGC stock traded down C$0.23 during midday trading on Friday, hitting C$4.08. 1,278,400 shares of the company's stock were exchanged, compared to its average volume of 1,475,175. The business has a 50-day simple moving average of C$4.08 and a two-hundred day simple moving average of C$3.65. The stock has a market capitalization of C$2.90 billion, a PE ratio of 408.00 and a beta of 1.62. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$4.57.

OceanaGold (TSE:OGC - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share (EPS) 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%. As a group, research analysts expect that OceanaGold will post 0.6283048 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.