OceanaGold Co. (TSE:OGC) Receives Average Rating of "Buy" from Brokerages

Key Points

• OceanaGold Co. has received an average rating of "Buy" from five analysts, with four analysts rating the stock as a buy and one as a strong buy.
• Recent price targets for OceanaGold have been raised, with the Royal Bank of Canada setting a new target of C$34.00 and TD Securities upgrading their target from C$22.00 to C$30.00.
• The stock's one-year performance shows a low of C$10.68 and a high of C$29.77, with a current market capitalization of C$6.71 billion.

Shares of OceanaGold Co. (TSE:OGC - Get Free Report) have received an average recommendation of "Buy" from the five analysts that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$22.79.

A number of research firms have recently commented on OGC. Royal Bank Of Canada raised their price target on OceanaGold from C$28.00 to C$34.00 in a report on Wednesday, September 10th. Raymond James Financial raised OceanaGold to a "moderate buy" rating in a report on Monday, June 30th. TD Securities upgraded OceanaGold from a "hold" rating to a "buy" rating and increased their price objective for the stock from C$22.00 to C$30.00 in a research report on Monday, September 8th. Finally, Scotiabank increased their price objective on OceanaGold from C$6.50 to C$20.50 and gave the stock an "outperform" rating in a research report on Tuesday, June 24th.

OceanaGold Price Performance

OceanaGold stock opened at C$29.05 on Monday. OceanaGold has a one year low of C$10.68 and a one year high of C$29.77. The business has a fifty day moving average price of C$23.95 and a 200-day moving average price of C$19.29. The firm has a market capitalization of C$6.71 billion, a P/E ratio of 18.39 and a beta of 0.99.

OceanaGold Company Profile

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.

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