OceanaGold (TSE:OGC) Stock Price Expected to Rise, Scotiabank Analyst Says

by · The Cerbat Gem

OceanaGold (TSE:OGC – Get Free Report) had its target price hoisted by analysts at Scotiabank from C$44.00 to C$65.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 23.69% from the stock’s previous close.

OGC has been the subject of several other reports. CIBC increased their price objective on OceanaGold from C$30.00 to C$50.00 in a report on Friday, October 10th. Desjardins set a C$50.00 price objective on shares of OceanaGold and gave the stock a “buy” rating in a research report on Friday, November 28th. Jefferies Financial Group upped their target price on shares of OceanaGold from C$45.00 to C$53.00 in a report on Monday, January 19th. Canaccord Genuity Group increased their target price on shares of OceanaGold from C$25.00 to C$36.00 in a research note on Thursday, October 2nd. Finally, TD Securities boosted their price target on OceanaGold from C$38.00 to C$56.00 in a research report on Thursday. 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.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$42.81.

Check Out Our Latest Analysis on OGC

OceanaGold Stock Performance

TSE OGC traded up C$1.96 during trading hours on Monday, hitting C$52.55. The company had a trading volume of 406,711 shares, compared to its average volume of 565,238. The business has a 50 day moving average of C$39.14 and a 200-day moving average of C$31.16. The company has a market cap of C$12.00 billion, a PE ratio of 30.73 and a beta of 1.85. OceanaGold has a 1-year low of C$10.86 and a 1-year high of C$53.74.

OceanaGold (TSE:OGC – Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported C$0.40 earnings per share for the quarter. The business 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%. Sell-side analysts expect that OceanaGold will post 0.6283048 earnings per share for the current fiscal year.

About OceanaGold

(Get Free Report)

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.

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