TD Securities downgraded shares of OceanaGold (TSE:OGC - Free Report) from a strong-buy rating to a hold rating in a report issued on Thursday morning,Zacks.com reports.
A number of other analysts have also weighed in on the company. CIBC lowered their target price on OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. Royal Bank of Canada raised their price objective on shares of OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. BMO Capital Markets dropped their target price on shares of OceanaGold from C$6.25 to C$5.75 in a research note on Thursday, February 20th. Finally, Scotiabank increased their price target on shares of OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, OceanaGold currently has an average rating of "Buy" and a consensus target price of C$5.58.
View Our Latest Stock Report on OceanaGold
OceanaGold Trading Up 0.5 %
OGC stock traded up C$0.02 during trading on Thursday, reaching C$3.83. 3,160,402 shares of the stock were exchanged, compared to its average volume of 1,767,082. The stock has a 50 day simple moving average of C$4.16 and a 200-day simple moving average of C$3.98. The company has a market capitalization of C$1.90 billion, a P/E ratio of 31.06 and a beta of 1.62. OceanaGold has a twelve month low of C$2.59 and a twelve month high of C$4.80.
About OceanaGold
(
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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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