OceanaGold Co. (TSE:OGC) Given Consensus Recommendation of “Buy” by Brokerages

Shares of OceanaGold Co. (TSE:OGC) have received an average recommendation of “Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$44.58.

OGC has been the topic of a number of research reports. TD Securities upped their target price on shares of OceanaGold from C$38.00 to C$56.00 in a research report on Thursday, January 22nd. Jefferies Financial Group upped their price objective on OceanaGold from C$45.00 to C$53.00 in a report on Monday, January 19th. Canadian Imperial Bank of Commerce increased their price objective on OceanaGold from C$50.00 to C$66.00 in a research report on Wednesday, February 4th. Scotiabank boosted their target price on OceanaGold from C$44.00 to C$65.00 in a research report on Monday, January 26th. Finally, Desjardins set a C$50.00 price target on OceanaGold and gave the company a “buy” rating in a report on Friday, November 28th.

OceanaGold Stock Down 5.6%

OceanaGold stock opened at C$49.80 on Wednesday. The stock has a 50-day simple moving average of C$44.24 and a 200 day simple moving average of C$34.78. The stock has a market capitalization of C$11.38 billion, a price-to-earnings ratio of 29.12 and a beta of 1.94. OceanaGold has a 12-month low of C$10.86 and a 12-month high of C$54.02.

OceanaGold Company Profile

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.