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 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.
Further Reading: Market Indexes
Receive News & Ratings for OceanaGold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanaGold and related companies with MarketBeat.com's FREE daily email newsletter.