OceanaGold Co. (TSE:OGC) Given Average Recommendation of “Buy” by Brokerages

OceanaGold Co. (TSE:OGCGet Free Report) has earned an average recommendation of “Buy” from the five brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have covered the stock in the last year is C$4.19.

A number of equities research analysts have recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of OceanaGold from C$4.00 to C$4.25 in a research note on Tuesday, April 23rd. Raymond James raised their price target on shares of OceanaGold from C$4.50 to C$5.00 in a research note on Tuesday, April 23rd. Jefferies Financial Group raised their price target on shares of OceanaGold from C$3.50 to C$4.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Cormark reduced their price target on shares of OceanaGold from C$3.25 to C$3.00 in a research note on Monday, February 26th. Finally, Scotiabank raised their price objective on shares of OceanaGold from C$4.00 to C$4.25 in a report on Thursday, May 23rd.

Get Our Latest Stock Analysis on OceanaGold

OceanaGold Stock Up 2.2 %

Shares of OceanaGold stock opened at C$3.23 on Tuesday. The company has a market capitalization of C$2.30 billion, a price-to-earnings ratio of 46.14 and a beta of 1.61. OceanaGold has a 12-month low of C$2.08 and a 12-month high of C$3.50. The firm’s 50-day moving average price is C$3.16 and its two-hundred day moving average price is C$2.81.

OceanaGold (TSE:OGCGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). OceanaGold had a net margin of 3.69% and a return on equity of 2.29%. The company had revenue of C$364.40 million during the quarter. On average, sell-side analysts expect that OceanaGold will post 0.3147257 earnings per share for the current year.

About OceanaGold

(Get Free Report

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.

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Analyst Recommendations for OceanaGold (TSE:OGC)

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