Shares of OceanaGold Co. (TSE:OGC - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$6.21 and last traded at C$6.20, with a volume of 1248616 shares traded. The stock had previously closed at C$6.07.
Analysts Set New Price Targets
OGC has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their target price on shares of OceanaGold from C$6.25 to C$5.75 in a research note on Thursday, February 20th. TD Securities cut shares of OceanaGold from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 27th. Raymond James lifted their target price on shares of OceanaGold from C$5.50 to C$6.50 in a research note on Friday, April 4th. Finally, National Bank Financial upgraded shares of OceanaGold to a "strong-buy" rating in a research note on Friday, March 21st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, OceanaGold currently has an average rating of "Buy" and an average price target of C$5.75.
Check Out Our Latest Stock Report on OGC
OceanaGold Trading Up 0.8%
The stock has a market capitalization of C$3.03 billion, a PE ratio of 49.39 and a beta of 1.62. The firm's fifty day moving average price is C$5.19 and its two-hundred day moving average price is C$4.52.
Insider Activity
In related news, Director Ian Macnevin Reid purchased 26,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was 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 stock was sold at an average price of C$4.38, for a total transaction of C$219,000.00. 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.
See Also
Before you consider OceanaGold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OceanaGold wasn't on the list.
While OceanaGold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
