OceanaGold (TSE:OGC) PT Set at C$50.00 by Desjardins

OceanaGold (TSE:OGC) received a C$50.00 price target from Desjardins in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 39.00% from the company’s current price. Desjardins also issued estimates for OceanaGold’s FY2026 earnings at $5.36 EPS and FY2028 earnings at $5.19 EPS.

OGC has been the topic of a number of other reports. CIBC boosted their price objective on shares of OceanaGold from C$30.00 to C$50.00 in a research report on Friday, October 10th. Canaccord Genuity Group raised their price objective on shares of OceanaGold from C$25.00 to C$36.00 in a report on Thursday, October 2nd. Jefferies Financial Group upped their target price on OceanaGold from C$42.00 to C$43.00 in a report on Thursday, November 6th. TD Securities raised OceanaGold from a “hold” rating to a “buy” rating and increased their target price for the stock from C$22.00 to C$30.00 in a research report on Monday, September 8th. Finally, Royal Bank Of Canada raised their target price on OceanaGold from C$28.00 to C$34.00 in a research note on Wednesday, September 10th. One 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, the stock currently has an average rating of “Buy” and an average price target of C$33.86.

OceanaGold Price Performance

Shares of TSE:OGC opened at C$35.97 on Friday. The stock’s 50-day moving average is C$32.37 and its 200 day moving average is C$25.07. The company has a market cap of C$8.22 billion, a PE ratio of 21.04 and a beta of 1.54. OceanaGold has a 1 year low of C$10.86 and a 1 year high of C$37.08.

OceanaGold (TSE:OGC) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.40 earnings per share for the quarter. OceanaGold had a return on equity of 3.82% and a net margin of 5.86%.The firm had revenue of C$624.50 million for the quarter. Analysts expect that OceanaGold will post 0.6283048 EPS for the current fiscal year.

About OceanaGold

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.