National Bank Financial Cuts OceanaGold (TSE:OGC) Price Target to C$4.75

OceanaGold (TSE:OGC) had its price target lowered by equities research analysts at National Bank Financial from C$5.50 to C$4.75 in a report released on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 36.89% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Raymond James reissued an “outperform” rating and issued a C$5.50 price objective on shares of OceanaGold in a report on Tuesday, June 4th. Pi Financial lifted their target price on OceanaGold from C$5.50 to C$6.00 in a report on Wednesday, July 24th. Six analysts have rated the stock with a buy rating, OceanaGold currently has an average rating of “Buy” and a consensus price target of C$5.25.

OGC traded down C$0.14 during trading hours on Wednesday, hitting C$3.47. The stock had a trading volume of 1,260,907 shares, compared to its average volume of 1,618,493. The firm’s fifty day simple moving average is C$3.65. OceanaGold has a 1 year low of C$3.27 and a 1 year high of C$5.01. The stock has a market capitalization of $2.41 billion and a PE ratio of 38.56. The company has a debt-to-equity ratio of 12.21, a quick ratio of 0.54 and a current ratio of 1.21.

OceanaGold Company Profile

OceanaGold Corporation engages in the exploration, development, and operation of mineral properties. The company operates the Didipio gold-copper mine on Luzon Island in the Philippines; the Macraes goldfield mine on the South Island of New Zealand; the Waihi gold mine on the North Island of New Zealand; and Haile gold mine located in South Carolina, United States of America.

Recommended Story: What can cause a stock to outperform?

Analyst Recommendations for OceanaGold (TSE:OGC)

Receive News & Ratings for OceanaGold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanaGold and related companies with MarketBeat.com's FREE daily email newsletter.