OceanaGold (TSE:OGC) PT Raised to C$4.25

OceanaGold (TSE:OGC) had its target price hoisted by research analysts at Scotiabank from C$4.00 to C$4.25 in a research report issued on Thursday, BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 33.65% from the stock’s current price.

Several other equities analysts have also commented on OGC. Raymond James increased their price objective on shares of OceanaGold from C$4.50 to C$5.00 in a research report on Tuesday, April 23rd. Canaccord Genuity Group raised their target price on shares of OceanaGold from C$4.00 to C$4.25 in a report on Tuesday, April 23rd. National Bankshares lowered their target price on shares of OceanaGold from C$4.75 to C$4.50 in a report on Thursday, May 2nd. CIBC raised their target price on shares of OceanaGold from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, Desjardins upgraded shares of OceanaGold to a “moderate buy” rating in a report on Friday, May 10th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$4.19.

OceanaGold Stock Up 5.0 %

OGC stock opened at C$3.18 on Thursday. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$3.50. The company has a fifty day simple moving average of C$3.10 and a two-hundred day simple moving average of C$2.73. The firm has a market capitalization of C$2.26 billion, a P/E ratio of 45.43 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 EPS for the quarter, missing the consensus estimate 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 business had revenue of C$364.40 million for the quarter. As a group, analysts anticipate that OceanaGold will post 0.3147257 EPS for the current year.

Insider Buying and Selling

In related news, Director Paul Benson purchased 44,400 shares of OceanaGold stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of C$2.25 per share, with a total value of C$99,678.00. 0.15% of the stock is currently owned by 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.