Shares of OceanaGold Co. (TSE:OGC - Get Free Report) have received an average rating of "Buy" from the six analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$5.58.
A number of brokerages recently weighed in on OGC. BMO Capital Markets cut their price objective on OceanaGold from C$6.25 to C$5.75 in a research note on Thursday, February 20th. TD Securities cut shares of OceanaGold from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 27th. Scotiabank raised their target price on 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. Finally, CIBC lowered their target price on shares of OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th.
Check Out Our Latest Analysis on OceanaGold
OceanaGold Price Performance
TSE OGC traded up C$0.06 on Thursday, hitting C$4.07. 4,353,442 shares of the stock were exchanged, compared to its average volume of 2,100,986. OceanaGold has a 52-week low of C$2.67 and a 52-week high of C$4.80. The company has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 33.01 and a beta of 1.62. The company's 50-day moving average price is C$4.15 and its two-hundred day moving average price is C$4.00.
About OceanaGold
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Get Free ReportOceanaGold 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.
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