Jefferies Financial Group Raises OceanaGold (TSE:OGC) Price Target to C$5.00

OceanaGold (TSE:OGC) had its target price boosted by Jefferies Financial Group from C$4.00 to C$5.00 in a report published on Friday morning, BayStreet.CA reports.

A number of other analysts also recently weighed in on the company. Canaccord Genuity Group increased their price target on OceanaGold from C$4.00 to C$4.25 in a report on Tuesday, April 23rd. Royal Bank of Canada upgraded OceanaGold to a moderate buy rating in a report on Wednesday, June 12th. National Bankshares cut their price target on OceanaGold from C$4.75 to C$4.50 in a report on Thursday, May 2nd. Desjardins upgraded shares of OceanaGold to a moderate buy rating in a research note on Friday, May 10th. Finally, Raymond James increased their target price on shares of OceanaGold from C$4.50 to C$5.00 in a research note on Tuesday, April 23rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, OceanaGold currently has a consensus rating of Buy and a consensus price target of C$4.33.

OceanaGold Price Performance

OceanaGold stock opened at C$3.73 on Friday. The stock’s 50 day moving average is C$3.21 and its 200 day moving average is C$2.93. OceanaGold has a one year low of C$2.08 and a one year high of C$3.74. The firm has a market cap of C$2.65 billion, a P/E ratio of 53.29 and a beta of 1.61.

OceanaGold (TSE:OGC) last issued its quarterly earnings results on Tuesday, April 30th. 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). OceanaGold had a return on equity of 2.29% and a net margin of 3.69%. The firm had revenue of C$364.40 million during the quarter. Equities analysts anticipate that OceanaGold will post 0.3147257 earnings per share for the current fiscal year.

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.