OceanaGold (TSE:OGC) Price Target Cut to C$4.75 by Analysts at National Bank Financial

OceanaGold (TSE:OGC) had its price objective decreased by National Bank Financial from C$5.50 to C$4.75 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 36.89% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on OGC. Raymond James reaffirmed an “outperform” rating and set a C$5.50 price target on shares of OceanaGold in a research note on Tuesday, June 4th. Pi Financial upped their target price on shares of OceanaGold from C$5.50 to C$6.00 in a report on Wednesday, July 24th. Six research analysts have rated the stock with a buy rating, OceanaGold presently has an average rating of “Buy” and an average target price of C$5.25.

TSE:OGC traded down C$0.14 during midday trading on Wednesday, reaching C$3.47. 1,260,907 shares of the stock traded hands, compared to its average volume of 1,618,493. OceanaGold has a 12-month low of C$3.27 and a 12-month high of C$5.01. The firm has a 50-day moving average price of C$3.65. The company has a debt-to-equity ratio of 12.21, a current ratio of 1.21 and a quick ratio of 0.54. The company has a market cap of $2.41 billion and a PE ratio of 38.56.

OceanaGold Company Profile

OceanaGold Corporation engages in the exploration, development, and operation of mineral properties. The company operates the Didipio gold-copper mine on Luzon Island in the Philippines; the Macraes goldfield mine on the South Island of New Zealand; the Waihi gold mine on the North Island of New Zealand; and Haile gold mine located in South Carolina, United States of America.

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Analyst Recommendations for OceanaGold (TSE:OGC)

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