OceanaGold (TSE:OGC) Upgraded at Desjardins

Desjardins upgraded shares of OceanaGold (TSE:OGC) to a moderate buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

OGC has been the subject of several other reports. Canaccord Genuity Group lifted their target price on shares of OceanaGold from C$25.00 to C$36.00 in a report on Thursday, October 2nd. CIBC boosted their price objective on shares of OceanaGold from C$30.00 to C$50.00 in a report on Friday, October 10th. Royal Bank Of Canada upped their price objective on OceanaGold from C$28.00 to C$34.00 in a research report on Wednesday, September 10th. Jefferies Financial Group lifted their target price on OceanaGold from C$42.00 to C$43.00 in a report on Thursday, November 6th. Finally, TD Securities raised OceanaGold from a “hold” rating to a “buy” rating and upped their price target for the company from C$22.00 to C$30.00 in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, OceanaGold currently has a consensus rating of “Buy” and a consensus target price of C$33.86.

OceanaGold Price Performance

OGC opened at C$35.97 on Thursday. OceanaGold has a one year low of C$10.86 and a one year high of C$37.08. The firm has a market capitalization of C$8.22 billion, a P/E ratio of 21.04 and a beta of 1.54. The company has a fifty day moving average price of C$32.37 and a 200-day moving average price of C$25.07.

OceanaGold (TSE:OGC) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.40 earnings per share for the quarter. The firm had revenue of C$624.50 million during the quarter. OceanaGold had a return on equity of 3.82% and a net margin of 5.86%. On average, analysts expect that OceanaGold will post 0.6283048 earnings per share for the current year.

About OceanaGold

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.