OceanaGold Co. (TSE:OGC - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$22.68 and last traded at C$22.40, with a volume of 315219 shares traded. The stock had previously closed at C$19.80.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Raymond James Financial upgraded shares of OceanaGold to a "moderate buy" rating in a report on Monday, June 30th. Scotiabank upped their price objective on shares of OceanaGold from C$6.50 to C$20.50 and gave the stock an "outperform" rating in a report on Tuesday, June 24th. Finally, Royal Bank Of Canada upped 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. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, OceanaGold presently has a consensus rating of "Buy" and an average price target of C$20.58.
View Our Latest Stock Analysis on OceanaGold
OceanaGold Price Performance
The stock's fifty day simple moving average is C$19.73 and its 200-day simple moving average is C$16.15. The company has a market capitalization of C$11.26 billion, a P/E ratio of 183.76 and a beta of 1.62.
Insider Buying and Selling at OceanaGold
In related news, Director Ian Macnevin Reid bought 8,666 shares of OceanaGold stock in a transaction that occurred on Thursday, May 15th. The stock was acquired 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.
About OceanaGold
(
Get Free Report)
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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