OceanaGold Co. (TSE:OGC) Receives Consensus Recommendation of "Buy" from Analysts

Shares of OceanaGold Co. (TSE:OGC - Get Free Report) have been assigned an average rating of "Buy" from the six ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$5.97.

OGC has been the topic of several recent research reports. National Bank Financial upgraded OceanaGold to a "strong-buy" rating in a research report on Friday, March 21st. Raymond James Financial increased their target price on OceanaGold from C$5.50 to C$6.50 in a research report on Friday, April 4th. Royal Bank Of Canada increased their target price on OceanaGold from C$7.00 to C$8.00 in a research report on Tuesday, June 3rd. Finally, TD Securities downgraded OceanaGold from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 27th.

OceanaGold Trading Down 0.1%

OceanaGold stock opened at C$6.81 on Friday. OceanaGold has a 12 month low of C$2.98 and a 12 month high of C$7.07. The business's 50 day simple moving average is C$5.81 and its 200 day simple moving average is C$4.78. The company has a market cap of C$3.38 billion, a price-to-earnings ratio of 55.23 and a beta of 1.62.

Insider Transactions at OceanaGold

In other news, Director Ian Macnevin Reid purchased 26,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were purchased at an average price of C$5.63 per share, with a total value of C$146,380.00. Insiders own 0.15% of the company's stock.

About OceanaGold

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.

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