OceanaGold (TSE:OGC) Hits New 52-Week High – Still a Buy?

Shares of OceanaGold Co. (TSE:OGC) reached a new 52-week high during trading on Monday . The stock traded as high as C$44.30 and last traded at C$43.68, with a volume of 43347 shares. The stock had previously closed at C$42.23.

Analyst Ratings Changes

OGC has been the topic of a number of research analyst reports. Desjardins set a C$50.00 target price on shares of OceanaGold and gave the stock a “buy” rating in a research note on Friday, November 28th. Canaccord Genuity Group increased their price objective on OceanaGold from C$25.00 to C$36.00 in a research note on Thursday, October 2nd. CIBC lifted their target price on OceanaGold from C$30.00 to C$50.00 in a research report on Friday, October 10th. Finally, Jefferies Financial Group increased their price target on OceanaGold from C$43.00 to C$45.00 in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, OceanaGold has a consensus rating of “Buy” and a consensus target price of C$34.08.

OceanaGold Stock Performance

The business’s fifty day moving average price is C$36.46 and its two-hundred day moving average price is C$29.24. The firm has a market capitalization of C$10.13 billion, a P/E ratio of 25.93 and a beta of 1.85.

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

OceanaGold Company Profile

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.