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OceanaGold (TSE:OGC) Sets New 1-Year High - What's Next?

OceanaGold logo with Basic Materials background

OceanaGold Co. (TSE:OGC - Get Free Report)'s stock price reached a new 52-week high during trading 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.

Analyst Ratings Changes

A number of research analysts have commented on the company. Raymond James upped their price target on OceanaGold from C$5.50 to C$6.50 in a research note on Friday, April 4th. National Bank Financial upgraded OceanaGold to a "strong-buy" rating in a research note on Friday, March 21st. TD Securities cut OceanaGold from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 27th. BMO Capital Markets cut their price objective on OceanaGold from C$6.25 to C$5.75 in a research report on Thursday, February 20th. Finally, Royal Bank of Canada upped their price objective on OceanaGold from C$7.00 to C$8.00 in a research report on Tuesday, June 3rd. One equities research 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 stock. According to data from MarketBeat.com, OceanaGold presently has a consensus rating of "Buy" and an average target price of C$5.97.

Read Our Latest Analysis on OGC

OceanaGold Stock Up 2.5%

The business has a 50-day moving average price of C$5.59 and a two-hundred day moving average price of C$4.69. The firm has a market cap of C$3.49 billion, a PE ratio of 56.93 and a beta of 1.62.

Insider Activity at OceanaGold

In related news, Senior Officer Liang Tang sold 50,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of C$4.38, for a total value of C$219,000.00. Also, Director Ian Macnevin Reid bought 26,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average cost of C$5.63 per share, for a total transaction of C$146,380.00. 0.15% of the stock is currently owned by corporate insiders.

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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