Pi Financial set a C$4.00 price target on OceanaGold (TSE:OGC) in a report released on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
OGC has been the subject of a number of other reports. BMO Capital Markets lowered their price objective on OceanaGold from C$3.75 to C$3.50 in a research report on Wednesday, December 18th. Cormark lowered their price objective on OceanaGold from C$5.00 to C$4.25 in a research report on Friday, January 31st. Royal Bank of Canada restated an outperform rating on shares of OceanaGold in a research report on Monday, November 4th. National Bank Financial lowered their price objective on OceanaGold from C$4.25 to C$3.50 and set an outperform rating for the company in a research report on Friday, February 7th. Finally, Raymond James set a C$4.50 target price on OceanaGold and gave the stock a strong-buy rating in a report on Friday, January 31st. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of C$4.29.
Shares of OGC opened at C$2.50 on Tuesday. OceanaGold has a 1 year low of C$2.12 and a 1 year high of C$4.59. The company has a debt-to-equity ratio of 12.73, a current ratio of 1.06 and a quick ratio of 0.32. The company has a market capitalization of $1.54 billion and a price-to-earnings ratio of 125.00. The business has a 50-day moving average of C$2.51 and a 200-day moving average of C$2.94.
OceanaGold Corporation engages in the exploration, development, and operation of mineral properties. 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, United States of America.
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