OceanaGold Co. (TSE:OGC) Receives Consensus Rating of “Buy” from Analysts

Shares of OceanaGold Co. (TSE:OGC) have received a consensus recommendation of “Buy” from the five analysts that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$44.58.

Several brokerages have recently issued reports on OGC. Jefferies Financial Group boosted their price target on shares of OceanaGold from C$45.00 to C$53.00 in a report on Monday, January 19th. TD Securities lifted their price objective on shares of OceanaGold from C$38.00 to C$56.00 in a research report on Thursday, January 22nd. Desjardins set a C$50.00 target price on shares of OceanaGold and gave the stock a “buy” rating in a research report on Friday, November 28th. Scotiabank raised their price target on shares of OceanaGold from C$44.00 to C$65.00 in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on OceanaGold from C$50.00 to C$66.00 in a research report on Wednesday, February 4th.

OceanaGold Trading Up 1.8%

Shares of OceanaGold stock opened at C$50.97 on Wednesday. The stock has a market capitalization of C$11.64 billion, a price-to-earnings ratio of 29.81 and a beta of 1.94. OceanaGold has a twelve month low of C$10.86 and a twelve month high of C$54.02. The business’s 50 day simple moving average is C$42.67 and its 200-day simple moving average is C$33.64.

OceanaGold (TSE:OGC) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.40 earnings per share (EPS) for the quarter. OceanaGold had a return on equity of 3.82% and a net margin of 5.86%.The business had revenue of C$624.50 million during the quarter. Sell-side analysts predict 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.