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OceanaGold (OGC) Stock Forecast & Price Target

OceanaGold logo
C$3.80 0.00 (0.00%)
(As of 11/13/2024 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

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
26.32% 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 26.32% from the current price of C$3.80.
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OGC Analyst Ratings Over Time

TypeCurrent Forecast
11/14/23 to 11/13/24
1 Month Ago
10/15/23 to 10/14/24
3 Months Ago
8/16/23 to 8/15/24
1 Year Ago
11/14/22 to 11/14/23
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 TargetC$4.80C$4.83C$4.69C$3.92
Forecasted Upside26.32% Upside22.77% Upside37.26% Upside69.55% Upside
Consensus Rating
Buy
Buy
Buy
Buy

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.
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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.
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OceanaGold Stock vs. The Competition

TypeOceanaGoldBasic Materials Companies
Consensus Rating Score
3.14
2.76
Consensus RatingBuyModerate Buy
News Sentiment Rating
Negative News

See Recent OGC News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/7/2024CIBC
3 of 5 stars
 Lower TargetC$5.25 ➝ C$4.50+16.88%
10/23/2024National Bankshares
1 of 5 stars
 Lower TargetOutperformC$6.00 ➝ C$5.50+31.58%
9/10/2024Royal Bank of Canada
4 of 5 stars
W. Lam
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Boost TargetOutperformC$5.00 ➝ C$5.50+61.29%
8/19/2024Scotiabank
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 Boost TargetC$4.25 ➝ C$4.75+30.85%
7/23/2024Canaccord Genuity Group
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J. Hoy
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Boost TargetStrong-BuyC$4.50 ➝ C$5.50+48.65%
7/22/2024Desjardins
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J. Sclodnick
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Boost TargetBuyC$4.90 ➝ C$5.50+47.45%
7/12/2024Jefferies Financial Group
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 Boost TargetC$4.00 ➝ C$5.00+34.41%
4/23/2024Raymond James
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 Boost TargetC$4.50 ➝ C$5.00+63.40%
4/8/2024National Bank Financial
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M. Parkin
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Reiterated RatingOutperform Overweight
2/26/2024Cormark
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 Lower TargetC$3.25 ➝ C$3.00+27.12%
2/22/2024BMO Capital Markets
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 Lower TargetC$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 Wednesday at 11:37 PM 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 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 research analysts is that investors should "buy" OGC shares.

According to analysts, OceanaGold's stock has a predicted upside of 26.32% 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.


This page (TSE:OGC) was last updated on 11/13/2024 by MarketBeat.com Staff
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