OceanaGold (TSE:OGC) Price Target Raised to C$66.00

OceanaGold (TSE:OGC) had its price target raised by equities research analysts at CIBC from C$50.00 to C$66.00 in a report released on Wednesday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 37.33% from the stock’s current price.

A number of other analysts have also issued reports on OGC. Desjardins set a C$50.00 price target on OceanaGold and gave the stock a “buy” rating in a research note on Friday, November 28th. Jefferies Financial Group boosted their target price on OceanaGold from C$45.00 to C$53.00 in a research report on Monday, January 19th. Scotiabank raised their target price on OceanaGold from C$44.00 to C$65.00 in a report on Monday, January 26th. Finally, TD Securities increased their price target on shares of OceanaGold from C$38.00 to C$56.00 in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$44.58.

OceanaGold Stock Performance

Shares of TSE OGC traded up C$0.07 during mid-day trading on Wednesday, hitting C$48.06. The stock had a trading volume of 438,074 shares, compared to its average volume of 647,272. The company has a 50 day moving average of C$41.39 and a two-hundred day moving average of C$32.64. OceanaGold has a twelve month low of C$10.86 and a twelve month high of C$54.02. The firm has a market cap of C$10.98 billion, a PE ratio of 28.11 and a beta of 1.94.

OceanaGold (TSE:OGC) last released 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%. Equities research analysts predict that OceanaGold will post 0.6283048 EPS for the current fiscal 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.