OceanaGold (TSE:OGC - Get Free Report) had its target price decreased by research analysts at National Bankshares from C$6.00 to C$5.50 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price target points to a potential upside of 32.21% from the stock's current price.
OGC has been the subject of several other research reports. CIBC increased their price objective on shares of OceanaGold from C$5.00 to C$5.25 in a research report on Wednesday, July 10th. Desjardins increased their target price on shares of OceanaGold from C$4.90 to C$5.50 and gave the stock a "buy" rating in a report on Monday, July 22nd. Royal Bank of Canada increased their target price on shares of OceanaGold from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Scotiabank lifted their price target on shares of OceanaGold from C$4.25 to C$4.75 in a research note on Monday, August 19th. Finally, Jefferies Financial Group increased their price objective on shares of OceanaGold from C$4.00 to C$5.00 in a research note on Friday, July 12th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$4.88.
Read Our Latest Stock Analysis on OGC
OceanaGold Stock Performance
OGC traded down C$0.11 during midday trading on Wednesday, reaching C$4.16. 940,099 shares of the company were exchanged, compared to its average volume of 1,477,397. The stock has a market capitalization of C$2.96 billion, a P/E ratio of 416.00 and a beta of 1.62. OceanaGold has a one year low of C$2.08 and a one year high of C$4.41. The stock's 50-day simple moving average is C$3.70 and its 200 day simple moving average is C$3.41.
OceanaGold (TSE:OGC - Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported C$0.05 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of C$0.05. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. The firm had revenue of C$343.70 million during the quarter. On average, research analysts anticipate that OceanaGold will post 0.6283048 earnings per share for the current year.
About OceanaGold
(
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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