OceanaGold Co. (OGC) Given Average Recommendation of “Buy” by Analysts

OceanaGold Co. (TSE:OGC) has been given a consensus rating of “Buy” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$5.32.

Several research analysts have commented on the company. Scotiabank dropped their price target on OceanaGold to C$5.00 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. Desjardins reaffirmed a “buy” rating and issued a C$5.75 price target on shares of OceanaGold in a research report on Friday, September 29th. Finally, National Bank Financial lifted their price target on OceanaGold from C$5.00 to C$5.75 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th.

Shares of OceanaGold (OGC) traded up C$0.14 during midday trading on Tuesday, reaching C$3.32. The company’s stock had a trading volume of 313,225 shares, compared to its average volume of 1,316,371. The company has a market cap of $1,990.00, a P/E ratio of 13.28 and a beta of -0.23. OceanaGold has a 52 week low of C$2.92 and a 52 week high of C$5.00.

OceanaGold (TSE:OGC) last issued its quarterly earnings results on Thursday, October 26th. The company reported C$0.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.05. OceanaGold had a return on equity of 6.25% and a net margin of 15.01%.

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About OceanaGold

OceanaGold Corporation is a gold mining company. The Company is engaged in the exploration, development and operation of gold and other mineral mining activities. The Company’s segments are New Zealand, the Philippines, the United States and All other segments. The Company’s assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines.

Analyst Recommendations for OceanaGold (TSE:OGC)

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