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

OceanaGold (TSE:OGC - Get Free Report) had its price target dropped by research analysts at National Bankshares from C$4.75 to C$4.50 in a report issued on Thursday, BayStreet.CA reports. National Bankshares' price target suggests a potential upside of 50.00% from the stock's previous close.

Other analysts have also recently issued reports about the company. Desjardins upped their price target on OceanaGold from C$3.50 to C$4.00 and gave the company a "buy" rating in a research report on Tuesday, January 30th. National Bank Financial reiterated an "outperform overweight" rating on shares of OceanaGold in a research report on Monday, April 8th. CIBC increased their target price on OceanaGold from C$4.50 to C$5.00 and gave the stock an "outperform" rating in a report on Wednesday, February 7th. Cormark decreased their target price on OceanaGold from C$3.25 to C$3.00 in a report on Monday, February 26th. Finally, Jefferies Financial Group increased their target price on OceanaGold from C$3.50 to C$4.00 and gave the stock a "buy" rating in a report on Monday, April 22nd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$4.17.

OceanaGold Stock Down 2.9 %

Shares of OGC stock traded down C$0.09 during trading hours on Thursday, reaching C$3.00. 1,034,967 shares of the company's stock were exchanged, compared to its average volume of 1,476,061. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$3.50. The company has a market capitalization of C$2.12 billion, a PE ratio of 18.75 and a beta of 1.50. The business's fifty day simple moving average is C$2.90.

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

Insider Activity

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