OceanaGold (TSE:OGC) PT Lowered to C$5.00

OceanaGold (TSE:OGC) had its target price reduced by National Bank Financial from C$5.25 to C$5.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 68.07% from the company’s previous close.

A number of other equities research analysts have also recently commented on OGC. Pi Financial dropped their price objective on shares of OceanaGold from C$6.00 to C$5.70 in a research note on Wednesday, August 21st. BMO Capital Markets raised shares of OceanaGold from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 11th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a C$5.00 price objective on shares of OceanaGold in a research note on Thursday, October 17th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$5.16.

Shares of TSE OGC traded down C$0.07 during midday trading on Tuesday, reaching C$2.98. 499,546 shares of the stock were exchanged, compared to its average volume of 1,791,376. The firm has a market cap of $1.92 billion and a price-to-earnings ratio of 33.06. OceanaGold has a twelve month low of C$2.85 and a twelve month high of C$5.01. The firm has a 50-day simple moving average of C$3.38 and a two-hundred day simple moving average of C$3.62. The company has a quick ratio of 0.54, a current ratio of 1.21 and a debt-to-equity ratio of 12.21.

OceanaGold (TSE:OGC) last issued its quarterly earnings data on Thursday, July 25th. The company reported C$0.04 EPS for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.01. The firm had revenue of C$248.81 million for the quarter. Research analysts expect that OceanaGold will post 0.2315232 EPS for the current fiscal year.

OceanaGold Company Profile

OceanaGold Corporation engages in the exploration, development, and operation of mineral properties. The company operates the Didipio gold-copper mine on Luzon Island in the Philippines; the Macraes goldfield mine on the South Island of New Zealand; the Waihi gold mine on the North Island of New Zealand; and Haile gold mine located in South Carolina, United States of America.

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