OceanaGold Co. (TSE:OGC) Receives Consensus Rating of "Buy" from Analysts

Shares of OceanaGold Co. (TSE:OGC - Get Free Report) have earned an average rating of "Buy" from the six brokerages that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$5.08.

A number of research firms have commented on OGC. Scotiabank increased their price target on OceanaGold from C$4.75 to C$6.00 in a research note on Thursday, November 21st. National Bankshares decreased their price target on shares of OceanaGold from C$6.00 to C$5.50 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. CIBC boosted their price objective on shares of OceanaGold from C$4.50 to C$6.00 in a report on Monday. Finally, Royal Bank of Canada raised their target price on OceanaGold from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th.

OceanaGold Price Performance

Shares of TSE:OGC traded down C$0.02 during trading hours on Tuesday, hitting C$4.47. The company's stock had a trading volume of 1,991,372 shares, compared to its average volume of 1,482,636. The firm's fifty day moving average price is C$4.01 and its 200 day moving average price is C$3.58. The company has a market capitalization of C$3.18 billion, a price-to-earnings ratio of 447.00 and a beta of 1.62. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$4.57.

OceanaGold (TSE:OGC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported C$0.12 EPS for the quarter, missing analysts' consensus estimates of C$0.14 by C($0.02). The firm 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, equities research analysts predict that OceanaGold will post 0.6283048 earnings per share for the current fiscal 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.