Barclays Lowers OceanaGold (TSE:OGC) Price Target to C$2.50

OceanaGold (TSE:OGC – Get Rating) had its price objective lowered by Barclays from C$3.50 to C$2.50 in a report issued on Tuesday morning, Marketbeat Ratings reports. The firm currently has a na rating on the stock.

Several other analysts have also recently commented on the company. Scotiabank raised their target price on OceanaGold from C$3.75 to C$4.00 in a research report on Tuesday, April 19th. Raymond James set a C$4.50 target price on OceanaGold and gave the company an outperform rating in a research report on Friday, April 29th. CIBC raised their target price on OceanaGold from C$3.00 to C$3.50 in a research report on Wednesday, April 13th. Finally, National Bankshares raised their target price on OceanaGold from C$3.50 to C$4.00 in a research report on Wednesday, April 20th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, OceanaGold has a consensus rating of Moderate Buy and an average price target of C$3.34.

OceanaGold Stock Up 2.1 %

Shares of OceanaGold stock opened at C$2.43 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.20 and a debt-to-equity ratio of 22.22. The business’s 50 day simple moving average is C$2.70 and its 200-day simple moving average is C$2.60. The stock has a market capitalization of C$1.71 billion and a price-to-earnings ratio of 22.09. OceanaGold has a twelve month low of C$1.79 and a twelve month high of C$3.41.

OceanaGold (TSE:OGC – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The company reported C$0.14 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.07. The company had revenue of C$361.90 million for the quarter. Equities research analysts forecast that OceanaGold will post 0.3 earnings per share for the current year.

Insider Activity

In other news, Director Craig Joseph Nelsen purchased 32,600 shares of the stock in a transaction dated Friday, June 10th. The shares were bought at an average cost of C$2.84 per share, for a total transaction of C$92,584.00. Following the transaction, the director now owns 242,600 shares in the company, valued at C$688,984.

OceanaGold Company Profile

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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.