OceanaGold (TSE:OGC) Price Target Raised to C$24.00

OceanaGold (TSE:OGC - Get Free Report) had its price objective upped by stock analysts at Raymond James Financial from C$6.50 to C$24.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's target price would suggest a potential upside of 28.69% from the stock's previous close. Raymond James Financial also issued estimates for OceanaGold's Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.38 EPS and Q4 2025 earnings at $0.57 EPS.

Other equities research analysts also recently issued research reports about the company. Scotiabank raised their price target on OceanaGold from C$6.50 to C$20.50 and gave the stock an "outperform" rating in a report on Tuesday. Royal Bank Of Canada lifted their target price on shares of OceanaGold from C$21.00 to C$24.00 in a research note on Tuesday, June 3rd. TD Securities downgraded shares of OceanaGold from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, National Bank Financial raised shares of OceanaGold to a "strong-buy" rating in a report on Friday, March 21st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$18.61.

OceanaGold Stock Down 5.2%

Shares of OceanaGold stock traded down C$1.03 during trading on Tuesday, reaching C$18.65. The company's stock had a trading volume of 336,417 shares, compared to its average volume of 743,597. OceanaGold has a 1-year low of C$8.94 and a 1-year high of C$21.21. The company has a 50-day simple moving average of C$17.68 and a two-hundred day simple moving average of C$14.47. The company has a market cap of C$9.27 billion, a price-to-earnings ratio of 151.24 and a beta of 1.62.

Insider Transactions at OceanaGold

In other OceanaGold news, Director Ian Macnevin Reid acquired 8,666 shares of the company's stock in a transaction on Thursday, May 15th. The shares were bought at an average cost of C$16.89 per share, with a total value of C$146,368.74. Company insiders own 0.15% of the company's stock.

About OceanaGold

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.