OceanaGold Co. (TSE:OGC - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$23.00 and last traded at C$22.86, with a volume of 1426368 shares. The stock had previously closed at C$22.66.
Wall Street Analysts Forecast Growth
A number of research firms have commented on OGC. Scotiabank raised their price objective on OceanaGold from C$6.50 to C$20.50 and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. Royal Bank Of Canada raised their price objective on OceanaGold from C$25.00 to C$28.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, Raymond James Financial upgraded OceanaGold to a "moderate buy" rating in a research note on Monday, June 30th. One equities 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 company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$20.58.
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OceanaGold Price Performance
The firm has a fifty day simple moving average of C$20.02 and a 200-day simple moving average of C$16.42. The firm has a market cap of C$11.63 billion, a P/E ratio of 189.93 and a beta of 1.62.
About OceanaGold
(
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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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