OceanaGold (TSE:OGC) Price Target Raised to C$28.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has increased its price target for OceanaGold (TSE:OGC) from C$25.00 to C$28.00, indicating a potential upside of 22.65% from its previous close.
• The stock has received multiple favorable ratings, including an "outperform" from RBC and a "moderate buy" from Raymond James, reflecting growing confidence among analysts.
• OceanaGold's stock recently traded at C$22.83, having seen a 12-month low of C$9.63 and a high of C$22.87, with a market cap of approximately C$11.34 billion.

OceanaGold (TSE:OGC - Free Report) had its target price lifted by Royal Bank Of Canada from C$25.00 to C$28.00 in a report issued on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently commented on the stock. Scotiabank lifted their target price on shares of OceanaGold from C$6.50 to C$20.50 and gave the company an "outperform" rating in a report on Tuesday, June 24th. Raymond James Financial raised OceanaGold to a "moderate buy" rating in a research note on Monday, June 30th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$20.58.

OceanaGold Trading Up 1.2%

Shares of TSE OGC traded up C$0.27 during trading hours on Friday, reaching C$23.13. The stock had a trading volume of 94,820 shares, compared to its average volume of 759,344. The firm has a market cap of C$11.49 billion, a price-to-earnings ratio of 187.57 and a beta of 1.62. OceanaGold has a fifty-two week low of C$9.99 and a fifty-two week high of C$23.32. The firm has a 50-day moving average of C$19.80 and a 200-day moving average of C$16.22.

Insider Transactions at OceanaGold

In other OceanaGold news, Director Ian Macnevin Reid purchased 8,666 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were purchased 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.

OceanaGold Company Profile

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.