OceanaGold (OGC) Stock Forecast & Price Target

C$3.85 +0.05 (+1.32%)

(As of 11/14/2024 ET)

OceanaGold - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 7 Analyst Ratings

Sell
0

Hold
0

Buy
7

Based on 7 Wall Street analysts who have issued ratings for OceanaGold in the last 12 months, the stock has a consensus rating of "Buy." Out of the 7 analysts, 6 have given a buy rating, and 1 has given a strong buy rating for OGC.

Consensus Price Target

C$4.80
24.68% Upside

According to the 7 analysts' twelve-month price targets for OceanaGold, the average price target is C$4.80. The highest price target for OGC is C$5.50, while the lowest price target for OGC is C$3.00. The average price target represents a forecasted upside of 24.68% from the current price of C$3.85.

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OGC Analyst Ratings Over Time

Type	Current Forecast 11/16/23 to 11/15/24	1 Month Ago 10/17/23 to 10/16/24	3 Months Ago 8/18/23 to 8/17/24	1 Year Ago 11/16/22 to 11/16/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	3 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$4.80	C$4.83	C$4.69	C$3.92
Forecasted Upside	24.68% Upside	19.43% Upside	31.50% Upside	66.67% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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OGC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

OGC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

OceanaGold Stock vs. The Competition

Type	OceanaGold	Basic Materials Companies
Consensus Rating Score	3.14	2.75
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent OGC News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/7/2024	CIBC 3 of 5 stars		Lower Target		C$5.25 ➝ C$4.50	+16.88%
10/23/2024	National Bankshares 1 of 5 stars		Lower Target	Outperform	C$6.00 ➝ C$5.50	+31.58%
9/10/2024	Royal Bank of Canada 4 of 5 stars	W. Lam Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$5.00 ➝ C$5.50	+61.29%
8/19/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$4.25 ➝ C$4.75	+30.85%
7/23/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Hoy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Strong-Buy	C$4.50 ➝ C$5.50	+48.65%
7/22/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Sclodnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$4.90 ➝ C$5.50	+47.45%
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7/12/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$4.00 ➝ C$5.00	+34.41%
4/23/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$4.50 ➝ C$5.00	+63.40%
4/8/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Parkin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform Overweight
2/26/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$3.25 ➝ C$3.00	+27.12%
2/22/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$4.25 ➝ C$3.75	+41.51%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 04:30 AM ET.

OGC Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for OceanaGold is C$4.80, with a high forecast of C$5.50 and a low forecast of C$3.00.
: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for OceanaGold in the last year. There are currently 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OGC shares.
: According to analysts, OceanaGold's stock has a predicted upside of 24.68% based on their 12-month stock forecasts.
: OceanaGold has been rated by research analysts at CIBC, National Bankshares, Royal Bank of Canada, and Scotiabank in the past 90 days.
: Analysts like OceanaGold more than other "basic materials" companies. The consensus rating for OceanaGold is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how OGC compares to other companies.

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This page (TSE:OGC) was last updated on 11/15/2024 by MarketBeat.com Staff

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OceanaGold (OGC) Stock Forecast & Price Target