Jefferies Financial Group Forecasts Strong Price Appreciation for OceanaGold (TSE:OGC) Stock

OceanaGold (TSE:OGC) had its price target upped by equities researchers at Jefferies Financial Group from C$45.00 to C$53.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target would suggest a potential upside of 10.90% from the company’s current price.

Other research analysts also recently issued reports about the stock. Canaccord Genuity Group increased their target price on shares of OceanaGold from C$25.00 to C$36.00 in a research report on Thursday, October 2nd. Desjardins set a C$50.00 price objective on shares of OceanaGold and gave the company a “buy” rating in a research note on Friday, November 28th. Finally, CIBC raised their price objective on OceanaGold from C$30.00 to C$50.00 in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat, OceanaGold presently has an average rating of “Buy” and a consensus target price of C$34.97.

OceanaGold Stock Performance

OGC opened at C$47.79 on Monday. OceanaGold has a one year low of C$10.86 and a one year high of C$47.98. The company has a market cap of C$10.92 billion, a P/E ratio of 27.95 and a beta of 1.85. The business’s 50-day simple moving average is C$38.28 and its 200-day simple moving average is C$30.52.

OceanaGold (TSE:OGC) last posted its earnings results on Wednesday, November 5th. The company reported C$0.40 earnings per share for the quarter. The firm 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%. As a group, analysts predict that OceanaGold will post 0.6283048 earnings per share for the current fiscal year.

OceanaGold Company Profile

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.