OceanaGold Co. (TSE:OGC) Given Consensus Rating of "Buy" by Brokerages

Shares of OceanaGold Co. (TSE:OGC - Get Free Report) have received an average recommendation of "Buy" from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$5.75.

A number of brokerages have issued reports on OGC. National Bank Financial upgraded shares of OceanaGold to a "strong-buy" rating in a research note on Friday, March 21st. CIBC cut their price target on shares of OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. Scotiabank lifted their price objective on shares of OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. BMO Capital Markets lowered their price objective on shares of OceanaGold from C$6.25 to C$5.75 in a research report on Thursday, February 20th. Finally, Raymond James raised their target price on OceanaGold from C$5.50 to C$6.50 in a report on Friday, April 4th.

OceanaGold Stock Up 5.5 %

Shares of OGC traded up C$0.26 during trading hours on Monday, hitting C$4.96. 3,922,227 shares of the company were exchanged, compared to its average volume of 2,189,497. OceanaGold has a fifty-two week low of C$2.89 and a fifty-two week high of C$5.09. The company has a market cap of C$2.46 billion, a price-to-earnings ratio of 40.22 and a beta of 1.62. The firm's fifty day moving average is C$4.33 and its 200 day moving average is C$4.16.

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Insider Transactions at OceanaGold

In other news, Senior Officer Liang Tang sold 50,000 shares of OceanaGold stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$4.38, for a total transaction of C$219,000.00. Company insiders own 0.15% of the company's stock.

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.