OceanaGold (TSE:OGC) Price Target Lowered to C$4.50 at National Bank Financial

OceanaGold (TSE:OGC) had its target price decreased by National Bank Financial from C$5.00 to C$4.50 in a report released on Monday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Pi Financial cut their price target on shares of OceanaGold from C$6.00 to C$5.70 in a report on Wednesday, August 21st. Raymond James reissued a strong-buy rating and issued a C$5.00 price target on shares of OceanaGold in a report on Friday, November 1st. Royal Bank of Canada reissued an outperform rating on shares of OceanaGold in a report on Monday, November 4th. Finally, BMO Capital Markets raised shares of OceanaGold from a market perform rating to an outperform rating in a report on Wednesday, September 11th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. OceanaGold has an average rating of Buy and a consensus target price of C$5.08.

TSE:OGC traded down C$0.16 during trading hours on Monday, reaching C$2.50. The company’s stock had a trading volume of 4,949,795 shares, compared to its average volume of 1,819,836. The firm has a market capitalization of $1.92 billion and a price-to-earnings ratio of 125.00. The firm has a 50-day simple moving average of C$3.17 and a 200-day simple moving average of C$3.49. OceanaGold has a 1 year low of C$2.47 and a 1 year high of C$5.01. The company has a debt-to-equity ratio of 12.73, a quick ratio of 0.32 and a current ratio of 1.06.

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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Analyst Recommendations for OceanaGold (TSE:OGC)

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