OceanaGold (TSE:OGC) Given New C$56.00 Price Target at TD Securities

OceanaGold (TSE:OGC) had its price target boosted by analysts at TD Securities from C$38.00 to C$56.00 in a report issued on Thursday,BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 10.00% from the stock’s current price.

OGC has been the subject of a number of other research reports. Jefferies Financial Group upped their price target on OceanaGold from C$45.00 to C$53.00 in a research report on Monday. Canaccord Genuity Group upped their target price on OceanaGold from C$25.00 to C$36.00 in a report on Thursday, October 2nd. Desjardins set a C$50.00 price target on shares of OceanaGold and gave the company a “buy” rating in a report on Friday, November 28th. Finally, CIBC upped their price objective on shares of OceanaGold from C$30.00 to C$50.00 in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat, OceanaGold has a consensus rating of “Buy” and an average price target of C$37.86.

OceanaGold Stock Performance

Shares of OGC stock traded up C$2.46 on Thursday, hitting C$50.91. 350,004 shares of the company’s stock traded hands, compared to its average volume of 545,137. The stock has a market capitalization of C$11.63 billion, a price-to-earnings ratio of 29.77 and a beta of 1.85. The company’s fifty day simple moving average is C$38.52 and its 200 day simple moving average is C$30.65. OceanaGold has a one year low of C$10.86 and a one year high of C$51.24.

OceanaGold (TSE:OGC) last issued its earnings results on Wednesday, November 5th. The company reported C$0.40 earnings per share for the quarter. The company had revenue of C$624.50 million during the quarter. OceanaGold had a return on equity of 3.82% and a net margin of 5.86%. As a group, sell-side analysts anticipate that OceanaGold will post 0.6283048 earnings per share for the current fiscal year.

About OceanaGold

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.