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 Performance

OceanaGold stock traded up C$0.04 during trading on Thursday, reaching C$2.07. OceanaGold has a one year low of C$1.79 and a one year high of C$3.41. The firm has a market capitalization of C$1.46 billion and a P/E ratio of 26.38. The company has a quick ratio of 0.96, a current ratio of 1.78 and a debt-to-equity ratio of 18.78. The business has a fifty day moving average price of C$2.46 and a 200-day moving average price of C$2.64.

OceanaGold (TSE:OGC - Get Rating) last issued its earnings results on Thursday, July 28th. The company reported C$0.04 earnings per share for the quarter, hitting the consensus estimate of C$0.04. The company had revenue of C$292.80 million during the quarter. Research analysts predict that OceanaGold will post 0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OGC. National Bankshares cut their price target on OceanaGold from C$4.00 to C$3.50 and set an "outperform" rating for the company in a report on Thursday, July 21st. Raymond James set a C$4.50 price objective on shares of OceanaGold and gave the stock an "outperform" rating in a report on Friday, April 29th. Finally, Barclays lowered their target price 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 analyst has rated the stock with a hold rating and five have assigned a buy rating to the 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 Activity

In other news, Director Craig Joseph Nelsen purchased 32,600 shares of the company's stock in a transaction that occurred on Friday, June 10th. The shares were purchased at an average price of C$2.84 per share, with a total value of C$92,584.00. Following the purchase, the director now directly owns 242,600 shares of the company's stock, valued at approximately C$688,984.