OceanaGold (TSE:OGC) Hits New 52-Week High - Here's What Happened

Shares of OceanaGold Co. (TSE:OGC - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$4.60 and last traded at C$4.52, with a volume of 606108 shares changing hands. The stock had previously closed at C$4.41.

Analyst Ratings Changes

OGC has been the subject of a number of research reports. CIBC decreased their price objective on shares of OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. Scotiabank boosted their price objective on shares of OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. National Bankshares decreased their target price 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. Royal Bank of Canada increased their price target on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. Finally, TD Securities upgraded OceanaGold to a "strong-buy" rating in a research note on Tuesday. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, OceanaGold presently has a consensus rating of "Buy" and an average target price of C$5.13.

OceanaGold Price Performance

The firm has a fifty day simple moving average of C$4.16 and a 200 day simple moving average of C$3.89. The company has a market cap of C$3.34 billion, a price-to-earnings ratio of 469.00 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 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%. Analysts expect that OceanaGold Co. 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.