OceanaGold (TSE:OGC) Price Target Raised to C$4.25 at Canaccord Genuity Group

OceanaGold (TSE:OGC) had its price target hoisted by investment analysts at Canaccord Genuity Group from C$4.00 to C$4.25 in a note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 40.26% from the stock’s current price.

Other analysts have also recently issued reports about the company. Desjardins boosted their price objective on OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Jefferies Financial Group boosted their price target on shares of OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a research note on Monday. National Bank Financial reiterated an “outperform overweight” rating on shares of OceanaGold in a research report on Monday, April 8th. BMO Capital Markets reduced their price target on OceanaGold from C$4.25 to C$3.75 in a research report on Thursday, February 22nd. Finally, National Bankshares dropped their price objective on OceanaGold from C$4.00 to C$3.75 in a report on Friday, February 23rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$4.08.

OceanaGold Stock Down 0.7 %

TSE:OGC opened at C$3.03 on Tuesday. The company has a market capitalization of C$2.14 billion, a PE ratio of 18.94 and a beta of 1.50. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$3.50. The firm has a 50 day moving average price of C$2.86.

OceanaGold (TSE:OGC) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). The business had revenue of C$363.94 million during the quarter. OceanaGold had a net margin of 8.10% and a return on equity of 4.88%. On average, analysts anticipate that OceanaGold will post 0.2977737 earnings per share for the current fiscal year.

Insider Activity

In other OceanaGold news, Director Paul Benson bought 44,400 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of C$2.25 per share, with a total value of C$99,678.00. 0.14% of the stock is currently owned by company insiders.

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.