OceanaGold (TSE:OGC) Price Target Raised to C$6.25 at Scotiabank

OceanaGold (TSE:OGC - Get Free Report) had its price objective hoisted by analysts at Scotiabank from C$6.00 to C$6.25 in a research report issued on Wednesday,BayStreet.CA reports. Scotiabank's target price would indicate a potential upside of 54.32% from the company's current price. Scotiabank also issued estimates for OceanaGold's FY2026 earnings at $0.45 EPS.

Several other equities research analysts also recently commented on OGC. Royal Bank of Canada upped their target price on shares of OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. CIBC dropped their price objective on OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. Finally, 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. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$5.13.

OceanaGold Stock Performance

Shares of TSE OGC traded down C$0.02 during mid-day trading on Wednesday, hitting C$4.05. 1,040,237 shares of the stock were exchanged, compared to its average volume of 997,534. The stock's fifty day simple moving average is C$4.10 and its two-hundred day simple moving average is C$3.78. OceanaGold has a twelve month low of C$2.08 and a twelve month high of C$4.57. 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 (TSE:OGC - Get Free Report) last released 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 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, equities research analysts predict that OceanaGold will post 0.6283048 earnings per share 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.