Brokerages Set OceanaGold Co. (OGC) Target Price at $5.03

Shares of OceanaGold Co. (TSE:OGC) have earned an average recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$5.03.

A number of equities research analysts have recently weighed in on OGC shares. Scotiabank set a C$5.00 target price on OceanaGold and gave the stock an “outperform” rating in a research report on Friday, July 28th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of OceanaGold in a research note on Tuesday, June 27th. BMO Capital Markets reissued a “market perform” rating and issued a C$4.50 target price on shares of OceanaGold in a research note on Tuesday, June 27th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$5.60 target price on shares of OceanaGold in a research note on Tuesday, June 27th.

OceanaGold (TSE:OGC) traded down 5.48% during midday trading on Wednesday, hitting $3.62. The company had a trading volume of 3,636,416 shares. OceanaGold has a one year low of $3.24 and a one year high of $5.00. The company has a market cap of $2.23 billion and a P/E ratio of 16.45. The company’s 50 day moving average is $3.72 and its 200-day moving average is $4.04.

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OceanaGold Company Profile

OceanaGold Corporation is a gold mining company. The Company is engaged in the exploration, development and operation of gold and other mineral mining activities. The Company’s segments are New Zealand, the Philippines, the United States and All other segments. The Company’s assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines.

Analyst Recommendations for OceanaGold (TSE:OGC)

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