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OceanaGold (TSE:OGC) Trading 1.7% Higher - Here's What Happened

OceanaGold logo with Basic Materials background

OceanaGold Co. (TSE:OGC - Get Free Report)'s share price traded up 1.7% on Friday . The stock traded as high as C$6.14 and last traded at C$6.00. 2,042,038 shares traded hands during trading, a decline of 7% from the average session volume of 2,203,350 shares. The stock had previously closed at C$5.90.

Analyst Ratings Changes

OGC has been the subject of a number of recent research reports. Raymond James raised their target price 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 report on Friday, March 21st. TD Securities downgraded OceanaGold from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets decreased their target price on shares of OceanaGold from C$6.25 to C$5.75 in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, OceanaGold presently has a consensus rating of "Buy" and an average target price of C$5.75.

Get Our Latest Stock Report on OGC

OceanaGold Stock Performance

The company has a 50-day moving average of C$5.15 and a 200-day moving average of C$4.50. The stock has a market capitalization of C$3.00 billion, a price-to-earnings ratio of 48.98 and a beta of 1.62.

Insider Activity

In other OceanaGold news, Senior Officer Liang Tang sold 50,000 shares of the firm'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. Also, Director Ian Macnevin Reid purchased 26,000 shares of the company'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. Corporate 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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