National Bank Financial Lowers OceanaGold (OGC) Price Target to C$4.75

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OceanaGold (TSE:OGC) had its price target lowered by equities research analysts at National Bank Financial from C$5.25 to C$4.75 in a research report issued on Tuesday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 15.01% from the company’s previous close. National Bank Financial also issued estimates for OceanaGold’s Q4 2018 earnings at $0.04 EPS and FY2019 earnings at $0.13 EPS.

Other analysts have also recently issued reports about the company. BMO Capital Markets increased their price objective on OceanaGold from C$4.50 to C$5.00 in a research note on Friday, January 25th. Desjardins cut OceanaGold from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, Barclays reiterated an “overweight” rating on shares of OceanaGold in a research note on Wednesday, October 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. OceanaGold has a consensus rating of “Buy” and an average price target of C$4.94.

TSE:OGC opened at C$4.13 on Tuesday. The company has a debt-to-equity ratio of 11.45, a quick ratio of 0.68 and a current ratio of 1.58. OceanaGold has a 52 week low of C$2.97 and a 52 week high of C$5.01. The firm has a market cap of $2.88 billion and a price-to-earnings ratio of 12.91.

About OceanaGold

OceanaGold Corporation, a gold mining company, explores for, develops, and operates mineral properties in the Philippines, New Zealand, and the United States. Its flagship asset is the Didipio gold-copper mine located on the island of Luzon in the Philippines. OceanaGold Corporation was incorporated in 2003 and is headquartered in Melbourne, Australia.

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Analyst Recommendations for OceanaGold (TSE:OGC)

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