Jefferies cuts target for OceanaGold stock to USD 38.55

Published on 10/17/2026 at 22:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due November 4, 2026 after market close. OceanaGold stock stood at USD 27.03 on October 16, 2026, up 1.43 percent on the NYSE.

Analyst target and results date

On October 12, 2026, Jefferies cut its OceanaGold target to USD 38.55.
OceanaGold will publish third-quarter results on November 4, 2026.
OceanaGold stock stood at USD 27.03 on October 16, 2026, up 1.43 percent versus the NYSE prior close.
OceanaGold had a P/E ratio of 7.09 and a market capitalization of USD 6.0 billion on October 16, 2026.

OGC, CA6752224007, Illustration mit AI erstellt.

On October 12, 2026, Jefferies analyst Fahad Tariq maintained a Buy rating and cut the OceanaGold target from USD 39.29 to USD 38.55, according to Moomoo. The new target was 42.62 percent above the USD 27.03 NYSE quote. OceanaGold stock last stood at USD 27.03 on October 16, 2026 at 4:00 p.m. ET, up 1.43 percent versus the NYSE prior close.

What comes on November 4, 2026?

OceanaGold will release its operational and financial results for the third quarter of 2026 after market close on November 4, 2026. The company will hold its results conference call on November 5, 2026, at 10:00 a.m. ET. Both dates come from OceanaGold. The company operates four mines: Haile in the United States, Macraes and Waihi in New Zealand, and Didipio in the Philippines.

Stock position on October 16

The NYSE price stood at USD 27.03 within a 52-week range of USD 20.18 to USD 43.33 on October 16, 2026. That placed the stock 37.62 percent below its 52-week high and 33.95 percent above its 52-week low. Trading volume was 348,078 shares, compared with an average volume of 562,290 shares.

The latest quote also puts the analyst target in clear numerical distance from the stock. Jefferies' USD 38.55 target was 42.62 percent above the October 16 NYSE price, while the target cut from USD 39.29 reduced the stated objective by 1.88 percent.

Valuation and scheduled dates

OceanaGold had a market capitalization of USD 6.0 billion and a P/E ratio of 7.09 on October 16, 2026. The company describes itself as a gold and copper producer with four operating mines, giving the November results release a direct role in the next valuation update. The November 5 conference call follows one day after the report.

Comparison with peers

OceanaGold: plus 1.43 percent, P/E 7.09, market capitalization USD 6.0 billion
Agnico Eagle Mines (NYSE, USD): plus 1.05 percent, P/E 16.31, market capitalization USD 96.0 billion
Newmont (NYSE, USD): plus 2.43 percent, P/E 14.94, market capitalization USD 125.0 billion

Target distance sets the near-term frame

The October 12 target revision leaves the November results as the next dated test for OceanaGold's earnings profile. The stock's 1.43 percent gain on October 16 was smaller than Newmont's 2.43 percent rise but close to Agnico Eagle Mines' 1.05 percent move.

Market context: Market report S&P 500.

More news and analyses on OceanaGold stock