Scotiabank Boosts OceanaGold (TSE:OGC) Price Target to C$65.00

OceanaGold (TSE:OGC) had its price target upped by stock analysts at Scotiabank from C$44.00 to C$65.00 in a report released on Monday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 27.63% from the company’s current price.

A number of other research firms have also weighed in on OGC. Jefferies Financial Group raised their target price on shares of OceanaGold from C$45.00 to C$53.00 in a report on Monday, January 19th. CIBC lifted their price objective on shares of OceanaGold from C$30.00 to C$50.00 in a research note on Friday, October 10th. Canaccord Genuity Group boosted their target price on shares of OceanaGold from C$25.00 to C$36.00 in a report on Thursday, October 2nd. TD Securities increased their price target on shares of OceanaGold from C$38.00 to C$56.00 in a report on Thursday, January 22nd. Finally, Desjardins set a C$50.00 price objective on OceanaGold and gave the stock a “buy” rating in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, OceanaGold presently has a consensus rating of “Buy” and an average target price of C$42.81.

OceanaGold Stock Down 1.9%

Shares of OceanaGold stock opened at C$50.93 on Monday. OceanaGold has a twelve month low of C$10.86 and a twelve month high of C$53.74. The business has a 50-day moving average price of C$39.85 and a 200-day moving average price of C$31.61. The firm has a market cap of C$11.63 billion, a price-to-earnings ratio of 29.78 and a beta of 1.85.

OceanaGold (TSE:OGC) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.40 EPS for the quarter. The company 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%. On average, equities 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.