OceanaGold (TSE:OGC – Get Free Report) had its price objective boosted by equities researchers at Jefferies Financial Group from C$3.50 to C$4.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 31.15% from the stock’s current price.
A number of other analysts also recently weighed in on the company. CIBC increased their price objective on OceanaGold from C$4.50 to C$5.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Cormark decreased their price objective on OceanaGold from C$3.25 to C$3.00 in a report on Monday, February 26th. BMO Capital Markets decreased their price objective on OceanaGold from C$4.25 to C$3.75 in a report on Thursday, February 22nd. Raymond James increased their price objective on OceanaGold from C$4.00 to C$4.50 in a report on Monday, April 8th. Finally, Desjardins increased their price target on OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$4.08.
Read Our Latest Analysis on OceanaGold
OceanaGold Stock Up 1.3 %
OceanaGold (TSE:OGC – Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). OceanaGold had a net margin of 8.10% and a return on equity of 4.88%. The firm had revenue of C$363.94 million during the quarter. On average, research analysts anticipate that OceanaGold will post 0.2977737 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Paul Benson bought 44,400 shares of OceanaGold stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of C$2.25 per share, for a total transaction of C$99,678.00. 0.14% of the stock is currently owned by company insiders.
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.
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