TD Securities upgraded shares of OceanaGold (TSE:OGC - Free Report) to a strong-buy rating in a report published on Tuesday,Zacks.com reports.
Several other equities analysts have also recently commented on OGC. Royal Bank of Canada raised their price target on shares of OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. Scotiabank boosted their target price on OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. CIBC reduced their price target on OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Finally, National Bankshares lowered their price objective 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. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, OceanaGold currently has a consensus rating of "Buy" and a consensus target price of C$5.13.
Check Out Our Latest Analysis on OceanaGold
OceanaGold Price Performance
Shares of OGC stock traded up C$0.22 on Tuesday, hitting C$4.69. The stock had a trading volume of 2,013,110 shares, compared to its average volume of 1,226,521. The company's 50 day moving average price is C$4.17 and its 200-day moving average price is C$3.91. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$4.70. The firm has a market capitalization of C$3.34 billion, a P/E ratio of 469.00 and a beta of 1.62.
OceanaGold (TSE:OGC - Get Free Report) last issued its quarterly earnings results 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). OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. The business had revenue of C$470.93 million for the quarter. On average, equities analysts forecast that OceanaGold will post 0.6283048 EPS for the current year.
OceanaGold Company Profile
(
Get Free Report)
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.
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