OceanaGold Co. (TSE:OGC) Receives C$5.75 Average Price Target from Brokerages

Shares of OceanaGold Co. (TSE:OGC) have received a consensus recommendation of “Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$5.75.

Several research firms have weighed in on OGC. Raymond James boosted their price target on shares of OceanaGold from C$5.50 to C$6.50 in a research note on Friday, April 4th. Scotiabank boosted their target price on OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. National Bank Financial upgraded OceanaGold to a “strong-buy” rating in a report on Friday, March 21st. TD Securities cut OceanaGold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, 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.

Insider Activity at OceanaGold

In related news, Senior Officer Liang Tang sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of C$4.38, for a total value of C$219,000.00. 0.15% of the stock is owned by corporate insiders.

OceanaGold Price Performance

Shares of TSE OGC opened at C$4.96 on Monday. The stock has a market capitalization of C$2.46 billion, a P/E ratio of 40.22 and a beta of 1.62. OceanaGold has a one year low of C$2.89 and a one year high of C$5.09. The firm’s 50 day simple moving average is C$4.33 and its two-hundred day simple moving average is C$4.16.

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.