OceanaGold Co. (TSE:OGC) Receives C$20.58 Consensus Target Price from Brokerages

Key Points

• OceanaGold Co. has received an average recommendation of "Buy" from five brokerage firms, with one hold rating, three buy ratings, and one strong buy rating.
• The average 1-year price target for OceanaGold among analysts is C$20.58, with Royal Bank of Canada recently increasing their price objective from C$25.00 to C$28.00.
• The stock opened at C$26.10 and has seen significant growth, with a 1-year high of C$26.15 and a low of C$9.99, reflecting a market capitalization of C$6.03 billion.

OceanaGold Co. (TSE:OGC - Get Free Report) has received an average rating of "Buy" from the five brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$20.58.

OGC has been the subject of a number of analyst reports. Scotiabank raised their price objective on shares of OceanaGold from C$6.50 to C$20.50 and gave the company an "outperform" rating in a research note on Tuesday, June 24th. Raymond James Financial raised shares of OceanaGold to a "moderate buy" rating in a research report on Monday, June 30th. Finally, Royal Bank Of Canada boosted their price objective on shares of OceanaGold from C$25.00 to C$28.00 and gave the stock an "outperform" rating in a report on Friday, August 8th.

OceanaGold Stock Up 2.3%

Shares of TSE OGC traded up C$0.60 during trading on Thursday, reaching C$26.65. The company had a trading volume of 869,305 shares, compared to its average volume of 785,903. OceanaGold has a 12-month low of C$10.08 and a 12-month high of C$26.85. The business's 50-day moving average is C$21.31 and its 200 day moving average is C$17.52. The stock has a market cap of C$6.16 billion, a PE ratio of 16.87 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.