OceanaGold (TSE:OGC) Upgraded by TD Securities to Strong-Buy Rating

TD Securities upgraded shares of OceanaGold (TSE:OGC) to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

Several other research firms also recently weighed in on OGC. CIBC decreased their price target on shares of OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Royal Bank of Canada raised their price objective on shares of OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. National Bankshares decreased their price objective on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Scotiabank raised their price objective on shares of OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$5.13.

OceanaGold Trading Up 0.7 %

Shares of OGC stock opened at C$4.58 on Tuesday. OceanaGold has a 12-month low of C$2.08 and a 12-month high of C$4.69. The firm’s 50 day moving average is C$4.16 and its 200 day moving average is C$3.89. The stock has a market capitalization of C$3.26 billion, a P/E ratio of 458.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.14 by C($0.02). OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. The business had revenue of C$470.93 million during the quarter. As a group, equities analysts predict that OceanaGold will post 0.6283048 earnings per share for the current year.

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.