Shares of OceanaGold Co. (TSE:OGC - Get Free Report) have been assigned an average recommendation of "Buy" from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$19.06.
A number of equities research analysts have recently commented on the company. Scotiabank raised their price target 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. Raymond James Financial raised OceanaGold to a "moderate buy" rating in a research report on Monday, June 30th. National Bank Financial raised OceanaGold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Royal Bank Of Canada lifted their target price on OceanaGold from C$21.00 to C$24.00 in a research report on Tuesday, June 3rd.
Check Out Our Latest Report on OceanaGold
Insider Buying and Selling at OceanaGold
In other OceanaGold news, Director Ian Macnevin Reid bought 8,666 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were bought at an average price of C$16.89 per share, for a total transaction of C$146,368.74. Insiders own 0.15% of the company's stock.
OceanaGold Stock Down 0.7%
OceanaGold stock traded down C$0.14 during mid-day trading on Wednesday, hitting C$18.61. 397,714 shares of the company were exchanged, compared to its average volume of 741,471. The business has a fifty day moving average of C$18.99 and a 200 day moving average of C$15.23. The company has a market capitalization of C$9.25 billion, a PE ratio of 150.92 and a beta of 1.62. OceanaGold has a 1-year low of C$8.94 and a 1-year high of C$21.21.
About OceanaGold
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Get Free ReportOceanaGold 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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