OceanaGold Co. (TSE:OGC - Get Free Report) has earned a consensus rating of "Buy" from the seven research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$19.06.
OGC has been the topic of several analyst reports. Royal Bank Of Canada lifted their price objective on OceanaGold from C$21.00 to C$24.00 in a report on Tuesday, June 3rd. Scotiabank boosted their price target on OceanaGold from C$6.50 to C$20.50 and gave the company an "outperform" rating in a report on Tuesday, June 24th. Raymond James Financial upgraded OceanaGold to a "moderate buy" rating in a report on Monday, June 30th. Finally, National Bank Financial upgraded OceanaGold to a "strong-buy" rating in a report on Friday, March 21st.
Get Our Latest Stock Analysis on OGC
Insider Activity at OceanaGold
In other OceanaGold news, Director Ian Macnevin Reid bought 8,666 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was purchased at an average price of C$16.89 per share, for a total transaction of C$146,368.74. Corporate insiders own 0.15% of the company's stock.
OceanaGold Trading Down 0.7%
OGC stock traded down C$0.14 during midday trading on Wednesday, hitting C$18.61. 397,714 shares of the company's stock were exchanged, compared to its average volume of 741,471. OceanaGold has a 12-month low of C$8.94 and a 12-month high of C$21.21. The firm has a 50 day moving average price of C$18.99 and a 200-day moving average price of C$15.23. The stock has a market capitalization of C$9.25 billion, a price-to-earnings ratio of 150.92 and a beta of 1.62.
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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