OceanaGold Co. (OGC) Receives C$5.27 Average Price Target from Analysts

OceanaGold Co. (TSE:OGC) has been given an average recommendation of “Buy” by the six research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$5.27.

OGC has been the topic of several recent research reports. Scotiabank set a C$5.00 price objective on OceanaGold and gave the company an “outperform” rating in a research report on Friday, January 19th. National Bank Financial reduced their price objective on OceanaGold from C$5.75 to C$5.50 and set an “outperform” rating on the stock in a research report on Sunday, March 4th.

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OGC opened at C$3.48 on Friday. OceanaGold has a one year low of C$2.92 and a one year high of C$5.00.

OceanaGold (TSE:OGC) last posted its earnings results on Thursday, February 22nd. The company reported C$0.18 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.09 by C$0.09. The company had revenue of C$312.58 million for the quarter. OceanaGold had a return on equity of 24.55% and a net margin of 36.01%.

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About OceanaGold

OceanaGold Corporation is a gold mining company. The Company is engaged in the exploration, development and operation of gold and other mineral mining activities. The Company’s segments are New Zealand, the Philippines, the United States and All other segments. The Company’s assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines.

Analyst Recommendations for OceanaGold (TSE:OGC)

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