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

OceanaGold (TSE:OGC) had its price objective trimmed by National Bank Financial from C$5.25 to C$4.75 in a report released on Tuesday, February 5th. The brokerage currently has a sector perform rating on the stock. National Bank Financial also issued estimates for OceanaGold’s Q4 2018 earnings at $0.04 EPS, FY2019 earnings at $0.09 EPS, FY2019 earnings at $0.13 EPS and FY2020 earnings at $0.08 EPS.

OGC has been the subject of several other reports. Barclays restated an overweight rating on shares of OceanaGold in a report on Wednesday, October 10th. BMO Capital Markets lifted their price objective on OceanaGold from C$4.50 to C$5.00 in a report on Friday, January 25th. Finally, Desjardins cut OceanaGold from a buy rating to a hold rating in a research report on Tuesday, January 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. OceanaGold presently has an average rating of Buy and an average target price of C$4.94.

OGC stock traded down C$0.07 on Tuesday, reaching C$4.17. The company’s stock had a trading volume of 1,017,800 shares, compared to its average volume of 1,478,611. The company has a quick ratio of 0.70, a current ratio of 1.38 and a debt-to-equity ratio of 11.27. The firm has a market capitalization of $2.58 billion and a price-to-earnings ratio of 21.95. OceanaGold has a 12-month low of C$3.13 and a 12-month high of C$5.01.

OceanaGold Company Profile

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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