OceanaGold Co. (OGC.TO) (TSE:OGC) PT Set at C$4.25 by National Bank Financial

National Bank Financial set a C$4.25 price target on OceanaGold Co. (OGC.TO) (TSE:OGC) in a research report sent to investors on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock. National Bank Financial also issued estimates for OceanaGold Co. (OGC.TO)’s Q3 2020 earnings at ($0.03) EPS and FY2020 earnings at ($0.09) EPS.

Several other equities analysts have also recently issued reports on the company. Raymond James cut OceanaGold Co. (OGC.TO) from a strong-buy rating to an outperform rating and decreased their price objective for the company from C$5.00 to C$4.00 in a research note on Thursday, September 24th. Cormark lifted their price objective on OceanaGold Co. (OGC.TO) from C$3.75 to C$4.25 in a research note on Friday, July 17th. Pi Financial decreased their price objective on OceanaGold Co. (OGC.TO) from C$5.75 to C$5.50 in a research note on Friday, August 28th. Finally, Royal Bank of Canada reiterated an outperform rating on shares of OceanaGold Co. (OGC.TO) in a research note on Thursday, October 1st.

Shares of OceanaGold Co. (OGC.TO) stock opened at C$1.66 on Monday. The business has a 50-day moving average of C$2.22 and a 200 day moving average of C$2.74. OceanaGold Co. has a 12 month low of C$1.16 and a 12 month high of C$4.01. The stock has a market capitalization of $1.17 billion and a price-to-earnings ratio of -14.69. The company has a debt-to-equity ratio of 21.14, a current ratio of 1.08 and a quick ratio of 0.58.

OceanaGold Co. (OGC.TO) (TSE:OGC) last announced its quarterly earnings data on Thursday, July 30th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.06) by C($0.01). The firm had revenue of C$132.84 million during the quarter. Equities research analysts anticipate that OceanaGold Co. will post 0.32 earnings per share for the current year.

OceanaGold Co. (OGC.TO) Company Profile

OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, silver, and other minerals. 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, the United States.

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