OceanaGold Co. (TSE:OGC) Given Average Recommendation of "Buy" by Brokerages

Shares of OceanaGold Co. (TSE:OGC - Get Free Report) have received a consensus recommendation of "Buy" from the six research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$5.75.

A number of research analysts recently weighed in on the stock. National Bank Financial upgraded shares of OceanaGold to a "strong-buy" rating in a report on Friday, March 21st. BMO Capital Markets reduced their price objective on OceanaGold from C$6.25 to C$5.75 in a research note on Thursday, February 20th. TD Securities lowered OceanaGold from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 27th. Finally, Raymond James upped their price target on OceanaGold from C$5.50 to C$6.50 in a report on Friday, April 4th.

OceanaGold Trading Up 0.8%

OceanaGold stock traded up C$0.05 during midday trading on Tuesday, reaching C$6.09. 299,359 shares of the stock traded hands, compared to its average volume of 2,148,321. The firm has a market cap of C$3.03 billion, a PE ratio of 49.39 and a beta of 1.62. The company has a 50-day simple moving average of C$5.15 and a two-hundred day simple moving average of C$4.50. OceanaGold has a 12-month low of C$2.95 and a 12-month high of C$6.22.

Insider Activity at OceanaGold

In other news, Director Ian Macnevin Reid purchased 26,000 shares of the business's stock in a transaction on Thursday, May 15th. The shares were bought at an average price of C$5.63 per share, with a total value of C$146,380.00. Also, Senior Officer Liang Tang sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 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.