OceanaGold Co. (TSE:OGC) Given Consensus Recommendation of "Buy" by Analysts

Shares of OceanaGold Co. (TSE:OGC - Get Free Report) have been assigned an average rating of "Buy" from the six brokerages that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$5.10.

Several analysts have recently issued reports on OGC shares. Royal Bank of Canada boosted their price target on shares of OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. CIBC lowered their target price on shares of OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. National Bankshares reduced their price target on OceanaGold from C$6.00 to C$5.50 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Finally, Scotiabank increased their price objective on OceanaGold from C$4.75 to C$6.00 in a report on Thursday, November 21st.

OceanaGold Trading Up 1.3 %

Shares of OGC traded up C$0.05 on Friday, reaching C$4.02. 525,483 shares of the company's stock traded hands, compared to its average volume of 1,482,553. The stock's 50 day simple moving average is C$4.12 and its two-hundred day simple moving average is C$3.71. OceanaGold has a 52-week low of C$2.08 and a 52-week high of C$4.57. The stock has a market cap of C$2.86 billion, a PE ratio of 402.00 and a beta of 1.62.

OceanaGold (TSE:OGC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.14 by C($0.02). The company 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%. Analysts forecast that OceanaGold will post 0.6283048 earnings per share for the current 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.