OceanaGold Co. (TSE:OGC) Senior Officer Peter John Sharpe Sells 42,850 Shares

OceanaGold Co. (TSE:OGC) Senior Officer Peter John Sharpe sold 42,850 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$2.64, for a total value of C$113,124.00.

OceanaGold Stock Up 2.1 %

Shares of OGC stock opened at C$4.39 on Tuesday. The firm has a 50 day moving average of C$4.19 and a 200-day moving average of C$4.05. The company has a market cap of C$2.18 billion, a price-to-earnings ratio of 35.60 and a beta of 1.62. OceanaGold Co. has a 52 week low of C$2.80 and a 52 week high of C$4.80.

Wall Street Analyst Weigh In

OGC has been the topic of a number of research reports. Scotiabank boosted their target price on shares of OceanaGold from C$6.00 to C$6.25 in a report on Wednesday, January 15th. TD Securities lowered OceanaGold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 27th. Royal Bank of Canada upped their price target on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. BMO Capital Markets lowered their price objective on OceanaGold from C$6.25 to C$5.75 in a research report on Thursday, February 20th. Finally, CIBC reduced their target price on OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$5.58.

OceanaGold Company Profile

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.