OceanaGold - OGC Stock Forecast, Price & News

OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, and silver deposits. The company operates the Didipio gold-copper mine located in the Nueva Vizcaya and Quirino provinces on the island of Luzon in the Philippines; the Macraes goldfield mine on the South Island of New Zealand and the Waihi gold mine on the North Island of New Zealand; and the Haile gold mine located in South Carolina, the United States. OceanaGold Corporation was founded in 2003 and is based in South Brisbane, Australia.

OceanaGold Stock Down 4.0 %

Shares of OceanaGold stock traded down C$0.09 during trading on Thursday, reaching C$2.16. The company's stock had a trading volume of 776,190 shares, compared to its average volume of 1,725,047. The company has a 50-day simple moving average of C$2.52 and a two-hundred day simple moving average of C$2.63. OceanaGold has a 1-year low of C$1.79 and a 1-year high of C$3.41. The company has a market cap of C$1.52 billion and a price-to-earnings ratio of 21.60. The company has a quick ratio of 0.96, a current ratio of 1.78 and a debt-to-equity ratio of 18.78.

OceanaGold (TSE:OGC - Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported C$0.04 earnings per share for the quarter, hitting analysts' consensus estimates of C$0.04. The business had revenue of C$292.80 million for the quarter. As a group, equities analysts forecast that OceanaGold will post 0.2806074 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on OGC shares. National Bankshares reduced their price objective on OceanaGold from C$4.00 to C$3.50 and set an "outperform" rating on the stock in a report on Thursday, July 21st. Raymond James set a C$4.50 price target on OceanaGold and gave the company an "outperform" rating in a research note on Friday, April 29th. Scotiabank upped their price objective on shares of OceanaGold from C$3.75 to C$4.00 in a research note on Tuesday, April 19th. CIBC raised their target price on shares of OceanaGold from C$3.00 to C$3.50 in a research report on Wednesday, April 13th. Finally, Barclays reduced their price target on shares of OceanaGold from C$3.50 to C$2.50 and set a "na" rating for the company in a report on Tuesday, July 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$3.28.

Insider Buying and Selling

In related news, Director Craig Joseph Nelsen purchased 10,400 shares of the business's stock in a transaction on Monday, June 13th. The shares were acquired at an average price of C$2.81 per share, for a total transaction of C$29,224.00. Following the purchase, the director now owns 253,000 shares of the company's stock, valued at approximately C$710,930.