Shares of OceanaGold Co. (TSE:OGC - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$6.51 and last traded at C$6.46, with a volume of 434433 shares. The stock had previously closed at C$6.11.
Analysts Set New Price Targets
A number of brokerages have recently commented on OGC. Royal Bank of Canada increased their price objective on OceanaGold from C$7.00 to C$8.00 in a report on Tuesday. TD Securities downgraded OceanaGold from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 27th. National Bank Financial raised OceanaGold to a "strong-buy" rating in a report on Friday, March 21st. Raymond James increased their target price on OceanaGold from C$5.50 to C$6.50 in a report on Friday, April 4th. Finally, BMO Capital Markets dropped their price target on OceanaGold from C$6.25 to C$5.75 in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$5.97.
Get Our Latest Analysis on OGC
OceanaGold Trading Up 2.9%
The company has a market capitalization of C$3.30 billion, a P/E ratio of 53.93 and a beta of 1.62. The stock has a 50 day moving average price of C$5.29 and a 200 day moving average price of C$4.57.
Insiders Place Their Bets
In related news, Director Ian Macnevin Reid purchased 26,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were bought at an average price of C$5.63 per share, with a total value of C$146,380.00. Also, Senior Officer Liang Tang sold 50,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of C$4.38, for a total transaction of C$219,000.00. Company insiders own 0.15% of the company's stock.
About OceanaGold
(
Get Free Report)
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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