OceanaGold Co. (TSE:OGC - Get Free Report) hit a new 52-week high on Friday . The company traded as high as C$5.03 and last traded at C$5.03, with a volume of 597202 shares. The stock had previously closed at C$4.70.
Wall Street Analyst Weigh In
A number of brokerages have commented on OGC. BMO Capital Markets decreased their price objective on OceanaGold from C$6.25 to C$5.75 in a report on Thursday, February 20th. National Bank Financial raised OceanaGold to a "strong-buy" rating in a report on Friday, March 21st. Scotiabank increased their target price on OceanaGold from C$6.00 to C$6.25 in a report on Wednesday, January 15th. Raymond James raised their target price on shares of OceanaGold from C$5.50 to C$6.50 in a report on Friday, April 4th. Finally, TD Securities lowered shares of OceanaGold from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$5.75.
Read Our Latest Analysis on OceanaGold
OceanaGold Stock Performance
The stock has a market capitalization of C$2.58 billion, a price-to-earnings ratio of 42.09 and a beta of 1.62. The stock has a fifty day simple moving average of C$4.35 and a two-hundred day simple moving average of C$4.17.
Insider Activity
In other news, Senior Officer Liang Tang sold 50,000 shares of the 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 value of C$219,000.00. 0.15% of the stock is currently owned by company insiders.
About OceanaGold
(
Get Free Report)
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.
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