OceanaGold (TSE:OGC) Price Target Raised to C$45.00 at Jefferies Financial Group

OceanaGold (TSE:OGC) had its price objective hoisted by Jefferies Financial Group from C$43.00 to C$45.00 in a report issued on Monday morning,BayStreet.CA reports.

OGC has been the subject of several other reports. Desjardins set a C$50.00 price objective on OceanaGold and gave the stock a “buy” rating in a research report on Friday, November 28th. CIBC increased their price target on OceanaGold from C$30.00 to C$50.00 in a report on Friday, October 10th. Royal Bank Of Canada raised their price objective on OceanaGold from C$28.00 to C$34.00 in a research report on Wednesday, September 10th. Canaccord Genuity Group upped their target price on shares of OceanaGold from C$25.00 to C$36.00 in a research report on Thursday, October 2nd. Finally, TD Securities upgraded shares of OceanaGold from a “hold” rating to a “buy” rating and lifted their price target for the company from C$22.00 to C$30.00 in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$34.08.

OceanaGold Trading Up 1.0%

Shares of OGC opened at C$35.92 on Monday. OceanaGold has a 12-month low of C$10.86 and a 12-month high of C$37.08. The firm has a market capitalization of C$8.21 billion, a P/E ratio of 21.01 and a beta of 1.53. The firm has a 50-day moving average price of C$33.12 and a 200 day moving average price of C$25.90.

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