OceanaGold (TSE:OGC) PT Lowered to C$5.50 at National Bankshares

OceanaGold (TSE:OGC) had its price objective decreased by National Bankshares from C$6.00 to C$5.50 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 31.58% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of OceanaGold from C$4.50 to C$5.50 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 23rd. Scotiabank lifted their price target on OceanaGold from C$4.25 to C$4.75 in a research note on Monday, August 19th. Jefferies Financial Group boosted their price target on OceanaGold from C$4.00 to C$5.00 in a report on Friday, July 12th. Royal Bank of Canada increased their price objective on OceanaGold from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, CIBC boosted their target price on OceanaGold from C$5.00 to C$5.25 in a research note on Wednesday, July 10th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$4.88.

OceanaGold Stock Performance

TSE:OGC traded down C$0.09 on Wednesday, reaching C$4.18. The company’s stock had a trading volume of 530,897 shares, compared to its average volume of 1,475,396. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$4.41. The business’s 50-day moving average price is C$3.70 and its two-hundred day moving average price is C$3.41. The firm has a market cap of C$2.97 billion, a PE ratio of 418.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.05. The business had revenue of C$343.70 million during the quarter. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. As a group, sell-side analysts expect that OceanaGold will post 0.6283048 EPS for the current year.

OceanaGold Company Profile

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.