OceanaGold (TSE:OGC) Price Target Cut to C$5.70
OceanaGold (TSE:OGC) had its target price cut by research analysts at Pi Financial from C$6.00 to C$5.70 in a research note issued to investors on Wednesday, BayStreet.CA reports. Pi Financial’s target price indicates a potential upside of 88.74% from the stock’s previous close.
OGC has been the subject of several other research reports. Raymond James restated an “outperform” rating and issued a C$5.50 price target on shares of OceanaGold in a research note on Tuesday, June 4th. National Bank Financial decreased their price target on OceanaGold from C$5.50 to C$4.75 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Six research analysts have rated the stock with a buy rating, OceanaGold presently has a consensus rating of “Buy” and an average price target of C$5.20.
Shares of OGC stock traded up C$0.03 during mid-day trading on Wednesday, hitting C$3.02. The company’s stock had a trading volume of 2,978,828 shares, compared to its average volume of 1,661,467. OceanaGold has a 52-week low of C$2.85 and a 52-week high of C$5.01. The business has a 50-day moving average price of C$3.60 and a 200 day moving average price of C$3.91. The company has a debt-to-equity ratio of 12.21, a quick ratio of 0.54 and a current ratio of 1.21. The stock has a market cap of $2.03 billion and a price-to-earnings ratio of 33.44.
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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