OceanaGold Co. (TSE:OGC - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as C$7.01 and last traded at C$6.98, with a volume of 135050 shares traded. The stock had previously closed at C$6.71.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on OGC. National Bank Financial upgraded shares of OceanaGold to a "strong-buy" rating in a research report on Friday, March 21st. Royal Bank of Canada boosted their target price on shares of OceanaGold from C$7.00 to C$8.00 in a report on Tuesday, June 3rd. Raymond James boosted their target price on shares of OceanaGold from C$5.50 to C$6.50 in a report on Friday, April 4th. BMO Capital Markets decreased their target price on shares of OceanaGold from C$6.25 to C$5.75 in a report on Thursday, February 20th. Finally, TD Securities lowered shares of OceanaGold from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$5.97.
View Our Latest Report on OGC
OceanaGold Stock Performance
The business's 50 day moving average price is C$5.54 and its 200-day moving average price is C$4.68. The firm has a market capitalization of C$3.40 billion, a PE ratio of 55.55 and a beta of 1.62.
Insider Activity
In other OceanaGold news, Director Ian Macnevin Reid bought 26,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average cost 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 company's stock in a transaction that occurred 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.
OceanaGold Company Profile
(
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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