OceanaGold (TSE:OGC) PT Raised to C$4.25

OceanaGold (TSE:OGC - Get Free Report) had its target price lifted by equities research analysts at Canaccord Genuity Group from C$4.00 to C$4.25 in a research note issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group's price target points to a potential upside of 39.34% from the stock's previous close.

OGC has been the topic of a number of other reports. BMO Capital Markets lowered their target price on OceanaGold from C$4.25 to C$3.75 in a research report on Thursday, February 22nd. CIBC upped their target price on OceanaGold from C$4.50 to C$5.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 7th. National Bank Financial reaffirmed an "outperform overweight" rating on shares of OceanaGold in a research report on Monday, April 8th. Cormark lowered their target price on OceanaGold from C$3.25 to C$3.00 in a research report on Monday, February 26th. Finally, National Bankshares lowered their target price on OceanaGold from C$4.00 to C$3.75 in a research report on Friday, February 23rd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, OceanaGold presently has an average rating of "Buy" and a consensus price target of C$4.08.

OceanaGold Trading Up 1.3 %

Shares of OceanaGold stock traded up C$0.04 during midday trading on Tuesday, reaching C$3.05. The company had a trading volume of 2,701,829 shares, compared to its average volume of 1,465,511. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$3.50. The stock's fifty day moving average is C$2.85. The stock has a market capitalization of C$2.16 billion, a price-to-earnings ratio of 19.06 and a beta of 1.50.

OceanaGold (TSE:OGC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.02 by C($0.01). OceanaGold had a net margin of 8.10% and a return on equity of 4.88%. The business had revenue of C$363.94 million during the quarter. Research analysts forecast that OceanaGold will post 0.2977737 earnings per share for the current fiscal year.

Insider Buying and Selling

In other OceanaGold news, Director Paul Benson acquired 44,400 shares of OceanaGold stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of C$2.25 per share, for a total transaction of C$99,678.00. 0.14% of the stock is currently owned by corporate insiders.

OceanaGold Company Profile

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.