Scotiabank Raises OceanaGold (TSE:OGC) Price Target to C$6.00

OceanaGold (TSE:OGC) had its price objective increased by Scotiabank from C$4.75 to C$6.00 in a research note published on Thursday,BayStreet.CA reports.

A number of other research analysts have also recently issued reports on the company. Royal Bank of Canada lifted their price target on OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Tuesday, September 10th. National Bankshares cut their price target on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, CIBC cut their price target on OceanaGold from C$5.25 to C$4.50 in a report on Thursday, November 7th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$4.93.

OceanaGold Trading Down 0.2 %

Shares of OceanaGold stock opened at C$4.44 on Thursday. The company has a market cap of C$3.16 billion, a price-to-earnings ratio of 444.00 and a beta of 1.62. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$4.51. The company’s fifty day simple moving average is C$3.92 and its 200-day simple moving average is C$3.54.

OceanaGold (TSE:OGC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The company had revenue of C$470.93 million for the quarter. OceanaGold had a net margin of 0.10% and a return on equity of 0.24%. As a group, research analysts forecast that OceanaGold will post 0.6283048 earnings per share for the current fiscal year.

About OceanaGold

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.