OceanaGold Co. (TSE:OGC) Senior Officer Liang Tang Sells 50,000 Shares

OceanaGold Co. (TSE:OGC - Get Free Report) Senior Officer Liang Tang sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of C$4.38, for a total transaction of C$219,000.00.

OceanaGold Stock Up 2.1 %

TSE OGC traded up C$0.09 during trading on Monday, hitting C$4.39. The stock had a trading volume of 2,477,614 shares, compared to its average volume of 2,201,175. The company has a market capitalization of C$2.18 billion, a PE ratio of 35.60 and a beta of 1.62. The firm has a 50 day moving average price of C$4.18 and a 200 day moving average price of C$4.04. OceanaGold Co. has a twelve month low of C$2.80 and a twelve month high of C$4.80.

Analysts Set New Price Targets

A number of brokerages have commented on OGC. Scotiabank lifted their target price on shares of OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. Royal Bank of Canada upped their price objective on OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. TD Securities cut OceanaGold from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 27th. CIBC decreased their price target on OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. Finally, BMO Capital Markets cut their price objective on OceanaGold from C$6.25 to C$5.75 in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$5.58.

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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.