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

OceanaGold (TSE:OGC) was upgraded by analysts at TD Securities to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

OGC has been the topic of several other reports. Royal Bank of Canada increased 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 target price on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. CIBC reduced their price target on shares of OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. Finally, Scotiabank lifted their target price on shares of OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$5.13.

OceanaGold Price Performance

Shares of OGC stock opened at C$4.58 on Tuesday. The stock has a market cap of C$3.26 billion, a P/E ratio of 458.00 and a beta of 1.62. The company has a fifty day moving average price of C$4.16 and a two-hundred day moving average price of C$3.89. OceanaGold has a one year low of C$2.08 and a one year high of C$4.69.

OceanaGold (TSE:OGC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The firm had revenue of C$470.93 million during the quarter. OceanaGold had a net margin of 0.10% and a return on equity of 0.24%. As a group, equities research analysts anticipate that OceanaGold will post 0.6283048 EPS 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.