Brokerages Set OceanaGold Co. (TSE:OGC) Target Price at C$44.58

Shares of OceanaGold Co. (TSE:OGC) have been assigned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$44.58.

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

OceanaGold Stock Up 6.4%

OGC stock opened at C$52.75 on Wednesday. The company has a market cap of C$12.05 billion, a price-to-earnings ratio of 30.85 and a beta of 1.94. The business has a fifty day simple moving average of C$43.65 and a 200-day simple moving average of C$34.32. OceanaGold has a 52 week low of C$10.86 and a 52 week high of C$54.02.

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.