OceanaGold Co. (TSE:OGC) Given Average Rating of "Buy" by Analysts

Shares of OceanaGold Co. (TSE:OGC - Get Free Report) have been given a consensus recommendation of "Buy" by the five analysts that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have covered the stock in the last year is C$56.11.OGC has been the topic of several analyst reports. Desjardins boosted their price objective on shares of OceanaGold from C$63.00 to C$65.00 and gave the stock a "buy" rating in a research note on Friday, February 20th. Royal Bank Of Canada lifted their target price on OceanaGold from C$52.00 to C$78.00 in a report on Thursday, March 12th. Canadian Imperial Bank of Commerce upped their price target on OceanaGold from C$66.00 to C$72.00 in a research report on Thursday, February 26th. TD increased their price target on OceanaGold from C$55.00 to C$56.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Jefferies Financial Group raised their price objective on OceanaGold from C$45.00 to C$53.00 in a research report on Monday, January 19th.Read Our Latest Stock Report on OceanaGoldOceanaGold Stock PerformanceShares of OceanaGold stock traded down C$0.99 on Tuesday, hitting C$45.62. The stock had a trading volume of 461,020 shares, compared to its average volume of 878,419. The stock has a 50 day moving average of C$48.60 and a 200 day moving average of C$41.80. The firm has a market capitalization of C$10.27 billion, a P/E ratio of 16.96 and a beta of 2.46. OceanaGold has a twelve month low of C$13.86 and a twelve month high of C$59.20. OceanaGold (TSE:OGC - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported C$1.21 earnings per share for the quarter. OceanaGold had a net margin of 33.30% and a return on equity of 30.82%. The firm had revenue of C$870.81 million for the quarter. Equities analysts expect that OceanaGold will post 0.6283048 earnings per share for the current year. OceanaGold announced that its board has authorized a stock buyback program on Wednesday, February 18th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued. OceanaGold Company Profile (Get Free Report)OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. See AlsoFive stocks we like better than OceanaGoldThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in OceanaGold Right Now?Before you consider OceanaGold, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OceanaGold wasn't on the list.While OceanaGold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here