Raymond James Reiterates C$4.50 Price Target for OceanaGold (TSE:OGC)

Raymond James set a C$4.50 price objective on OceanaGold (TSE:OGCGet Rating) in a report issued on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on OGC. Scotiabank boosted their price objective on OceanaGold from C$3.75 to C$4.00 in a report on Tuesday, April 19th. BMO Capital Markets cut their price target on OceanaGold from C$3.25 to C$3.00 in a report on Thursday, February 10th. Royal Bank of Canada upped their price target on OceanaGold from C$2.50 to C$2.75 and gave the stock an outperform rating in a report on Thursday, February 24th. National Bankshares upped their price target on OceanaGold from C$3.50 to C$4.00 in a report on Wednesday, April 20th. Finally, CIBC increased their price objective on OceanaGold from C$3.00 to C$3.50 in a report on Wednesday, April 13th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, OceanaGold currently has a consensus rating of Buy and an average price target of C$3.34.

Shares of OceanaGold stock opened at C$3.20 on Friday. OceanaGold has a 52 week low of C$1.79 and a 52 week high of C$3.41. The business’s fifty day simple moving average is C$2.86 and its 200-day simple moving average is C$2.44. The firm has a market cap of C$2.25 billion and a PE ratio of -246.15. The company has a quick ratio of 0.78, a current ratio of 1.47 and a debt-to-equity ratio of 23.95.

OceanaGold (TSE:OGCGet Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.04 by C($0.03). The company had revenue of C$262.86 million during the quarter. As a group, equities analysts expect that OceanaGold will post 0.3 earnings per share for the current year.

About OceanaGold (Get Rating)

OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, and silver deposits. The company operates the Didipio gold-copper mine located in the Nueva Vizcaya and Quirino provinces on the island of Luzon in the Philippines; the Macraes goldfield mine on the South Island of New Zealand and the Waihi gold mine on the North Island of New Zealand; and the Haile gold mine located in South Carolina, the United States.

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