OceanaGold Co. (TSE:OGC - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as C$20.74 and last traded at C$20.44, with a volume of 303659 shares changing hands. The stock had previously closed at C$6.81.
Wall Street Analyst Weigh In
A number of equities analysts have commented on OGC shares. TD Securities cut OceanaGold from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 27th. Royal Bank Of Canada increased their target price on shares of OceanaGold from C$21.00 to C$24.00 in a research report on Tuesday, June 3rd. Raymond James Financial increased their target price on shares of OceanaGold from C$6.50 to C$24.00 and gave the company an "outperform" rating in a research report on Tuesday. National Bank Financial upgraded shares of OceanaGold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Scotiabank increased their price objective on shares of OceanaGold from C$6.50 to C$20.50 and gave the company an "outperform" rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$18.61.
View Our Latest Research Report on OceanaGold
OceanaGold Stock Down 5.5%
The stock has a market capitalization of C$9.60 billion, a price-to-earnings ratio of 156.68 and a beta of 1.62. The company's 50-day moving average is C$6.12 and its 200-day moving average is C$4.89.
Insider Transactions at OceanaGold
In related news, Director Ian Macnevin Reid purchased 8,666 shares of the company's stock in a transaction on Thursday, May 15th. The stock was acquired at an average cost 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 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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