OceanaGold (TSE:OGC) PT Lowered to C$2.50

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OceanaGold (TSE:OGC) had its target price lowered by equities research analysts at National Bank Financial from C$3.50 to C$2.50 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 59.24% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. Cormark decreased their price target on shares of OceanaGold from C$5.00 to C$4.25 in a research report on Friday, January 31st. Royal Bank of Canada restated an “outperform” rating on shares of OceanaGold in a research report on Friday, February 21st. Pi Financial set a C$4.00 price target on shares of OceanaGold and gave the company a “buy” rating in a research report on Monday, February 17th. Raymond James set a C$4.50 price target on shares of OceanaGold and gave the company a “strong-buy” rating in a research report on Thursday, March 19th. Finally, BMO Capital Markets decreased their price target on shares of OceanaGold from C$3.75 to C$3.50 in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$3.75.

Shares of TSE OGC opened at C$1.57 on Wednesday. The company has a debt-to-equity ratio of 14.61, a quick ratio of 0.28 and a current ratio of 1.07. OceanaGold has a 52-week low of C$1.16 and a 52-week high of C$4.54. The firm has a 50 day moving average price of C$2.12 and a two-hundred day moving average price of C$2.66. The stock has a market cap of $777.88 million and a P/E ratio of 78.50.

OceanaGold Company Profile

OceanaGold Corporation engages in the exploration, development, and operation of mineral properties. The company operates the Didipio gold-copper mine on Luzon Island in the Philippines; the Macraes goldfield mine on the South Island of New Zealand; the Waihi gold mine on the North Island of New Zealand; and Haile gold mine located in South Carolina, United States of America.

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