OceanaGold (TSE:OGC) Given New C$56.00 Price Target at TD Securities

OceanaGold (TSE:OGC) had its price target upped by TD Securities from C$38.00 to C$56.00 in a research note released on Thursday morning,BayStreet.CA reports.

A number of other research analysts also recently weighed in on OGC. Desjardins set a C$50.00 price target on shares of OceanaGold and gave the company a “buy” rating in a report on Friday, November 28th. Canaccord Genuity Group increased their target price on shares of OceanaGold from C$25.00 to C$36.00 in a research report on Thursday, October 2nd. Jefferies Financial Group raised their target price on OceanaGold from C$45.00 to C$53.00 in a report on Monday. Finally, CIBC boosted their price target on OceanaGold from C$30.00 to C$50.00 in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$37.86.

OceanaGold Stock Performance

Shares of TSE OGC opened at C$50.23 on Thursday. The business has a 50 day simple moving average of C$38.82 and a 200 day simple moving average of C$30.78. OceanaGold has a 52 week low of C$10.86 and a 52 week high of C$51.24. The stock has a market cap of C$11.47 billion, a price-to-earnings ratio of 29.37 and a beta of 1.85.

OceanaGold (TSE:OGC) last issued its quarterly earnings data 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 for the quarter. OceanaGold had a net margin of 5.86% and a return on equity of 3.82%. On average, analysts predict that OceanaGold will post 0.6283048 EPS for the current year.

OceanaGold Company Profile

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.