Raymond James Financial upgraded shares of OceanaGold (TSE:OGC - Free Report) to a moderate buy rating in a research report report published on Monday morning,Zacks.com reports. Raymond James Financial also issued estimates for OceanaGold's Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.78 EPS and FY2025 earnings at $1.84 EPS.
A number of other research analysts have also issued reports on OGC. Scotiabank boosted their price target on shares of OceanaGold from C$6.50 to C$20.50 and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. Royal Bank Of Canada boosted their target price on OceanaGold from C$21.00 to C$24.00 in a research report on Tuesday, June 3rd. Finally, National Bank Financial raised OceanaGold to a "strong-buy" rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$18.61.
View Our Latest Research Report on OGC
OceanaGold Stock Performance
OGC traded up C$0.11 during trading on Monday, hitting C$19.42. The stock had a trading volume of 36,822 shares, compared to its average volume of 744,268. The firm has a market capitalization of C$9.65 billion, a P/E ratio of 157.49 and a beta of 1.62. OceanaGold has a twelve month low of C$8.94 and a twelve month high of C$21.21. The company's 50-day moving average price is C$18.05 and its 200 day moving average price is C$14.68.
Insider Activity at OceanaGold
In other news, Director Ian Macnevin Reid acquired 8,666 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was purchased at an average cost of C$16.89 per share, with a total value of C$146,368.74. 0.15% of the stock is owned by company insiders.
OceanaGold Company Profile
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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.
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