CIBC Lowers OceanaGold (TSE:OGC) Price Target to C$5.75

OceanaGold (TSE:OGC) had its target price lowered by equities research analysts at CIBC from C$6.00 to C$5.75 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 40.93% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. National Bankshares lowered their price target on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada increased their target price on OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. Finally, Scotiabank lifted their price target on OceanaGold from C$4.75 to C$6.00 in a report on Thursday, November 21st. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$5.10.

OceanaGold Trading Down 5.3 %

OGC opened at C$4.08 on Friday. The stock’s fifty day simple moving average is C$4.08 and its 200 day simple moving average is C$3.65. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$4.57. The stock has a market cap of C$2.90 billion, a PE ratio of 408.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.14 by C($0.02). The company had revenue of C$470.93 million during the quarter. OceanaGold had a net margin of 0.10% and a return on equity of 0.24%. Equities analysts forecast that OceanaGold will post 0.6283048 earnings per share for the current year.

OceanaGold Company Profile

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.