OceanaGold Co. (TSE:OGC) Receives Consensus Rating of "Buy" from Analysts

Shares of OceanaGold Co. (TSE:OGC - Get Free Report) have earned an average recommendation of "Buy" from the six analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$5.75.

Several analysts have issued reports on OGC shares. BMO Capital Markets dropped their price target on shares of OceanaGold from C$6.25 to C$5.75 in a research report on Thursday, February 20th. TD Securities downgraded shares of OceanaGold from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 27th. National Bank Financial raised OceanaGold to a "strong-buy" rating in a research report on Friday, March 21st. Scotiabank lifted their target price on OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. Finally, Raymond James increased their price objective on shares of OceanaGold from C$5.50 to C$6.50 in a research report on Friday, April 4th.

OceanaGold Stock Performance

TSE OGC traded down C$0.05 during trading hours on Friday, hitting C$5.09. 2,448,918 shares of the company traded hands, compared to its average volume of 2,140,443. The business's 50-day moving average is C$4.59 and its 200-day moving average is C$4.30. The stock has a market capitalization of C$2.53 billion, a price-to-earnings ratio of 41.28 and a beta of 1.62. OceanaGold has a twelve month low of C$2.95 and a twelve month high of C$5.33.

Insider Activity at OceanaGold

In other OceanaGold news, Senior Officer Liang Tang sold 50,000 shares of the company's stock in a transaction 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. 0.15% of the stock is currently owned by corporate insiders.

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.