OceanaGold (TSE:OGC) Price Target Raised to C$4.50

OceanaGold (TSE:OGC - Get Free Report) had its price target boosted by research analysts at Raymond James from C$4.00 to C$4.50 in a research note issued on Monday, BayStreet.CA reports. Raymond James' target price would suggest a potential upside of 37.61% from the stock's previous close.

Several other research analysts have also issued reports on OGC. BMO Capital Markets dropped their target price on OceanaGold from C$4.25 to C$3.75 in a research report on Thursday, February 22nd. National Bank Financial reiterated an "outperform overweight" rating on shares of OceanaGold in a research note on Wednesday, January 3rd. Desjardins boosted their target price on shares of OceanaGold from C$3.50 to C$4.00 and gave the company a "buy" rating in a research note on Tuesday, January 30th. Jefferies Financial Group set a C$3.50 price target on shares of OceanaGold and gave the stock a "buy" rating in a report on Thursday, February 29th. Finally, National Bankshares decreased their price objective on shares of OceanaGold from C$4.00 to C$3.75 in a report on Friday, February 23rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, OceanaGold presently has an average rating of "Buy" and an average target price of C$3.94.

OceanaGold Stock Up 1.9 %

Shares of TSE:OGC traded up C$0.06 during trading on Monday, reaching C$3.27. The company's stock had a trading volume of 2,095,557 shares, compared to its average volume of 1,368,264. The company's 50 day moving average price is C$2.74. OceanaGold has a 12 month low of C$2.08 and a 12 month high of C$3.49. The stock has a market cap of C$2.31 billion, a PE ratio of 20.44 and a beta of 1.50.

OceanaGold (TSE:OGC - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported C$0.01 EPS for the quarter, missing analysts' consensus estimates of C$0.02 by C($0.01). The company had revenue of C$363.94 million during the quarter. OceanaGold had a return on equity of 4.88% and a net margin of 8.10%. On average, equities analysts predict that OceanaGold will post 0.2977737 EPS for the current fiscal year.

Insider Activity

In related news, Director Paul Benson purchased 44,400 shares of the business's stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average cost of C$2.25 per share, for a total transaction of C$99,678.00. Insiders own 0.14% 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.