OceanaGold Co. (TSE:OGC) Receives C$4.17 Average PT from Analysts

OceanaGold Co. (TSE:OGC) has been assigned an average recommendation of “Buy” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have covered the stock in the last year is C$4.19.

A number of analysts recently weighed in on OGC shares. National Bankshares lowered their price objective on shares of OceanaGold from C$4.75 to C$4.50 in a research note on Thursday, May 2nd. Cormark lowered their price objective on shares of OceanaGold from C$3.25 to C$3.00 in a research note on Monday, February 26th. Jefferies Financial Group boosted their target price on shares of OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Desjardins upgraded shares of OceanaGold to a “moderate buy” rating in a report on Friday, May 10th. Finally, Canaccord Genuity Group boosted their target price on shares of OceanaGold from C$4.00 to C$4.25 in a report on Tuesday, April 23rd.

Insider Activity

In related news, Director Paul Benson acquired 44,400 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of C$2.25 per share, for a total transaction of C$99,678.00. Corporate insiders own 0.15% of the company’s stock.

OceanaGold Price Performance

TSE:OGC opened at C$3.03 on Friday. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$3.50. The company has a 50-day moving average of C$3.09 and a 200 day moving average of C$2.72. The firm has a market cap of C$2.16 billion, a PE ratio of 43.29 and a beta of 1.61.

OceanaGold (TSE:OGC) last released its quarterly earnings data 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 return on equity of 2.29% and a net margin of 3.69%. The business had revenue of C$364.40 million during the quarter. Sell-side analysts anticipate that OceanaGold will post 0.3147257 EPS for the current fiscal year.

OceanaGold Company Profile

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.