OceanaGold (TSE:OGC) Price Target Raised to C$6.50

OceanaGold (TSE:OGC - Get Free Report) had its price target raised by investment analysts at Raymond James from C$5.50 to C$6.50 in a report released on Friday,BayStreet.CA reports. Raymond James' price objective would suggest a potential upside of 40.69% from the stock's current price.

Several other equities research analysts also recently weighed in on OGC. Scotiabank upped their price objective on shares of OceanaGold from C$6.00 to C$6.25 in a report on Wednesday, January 15th. CIBC dropped their price target on OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. TD Securities lowered OceanaGold from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 27th. National Bank Financial raised OceanaGold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, BMO Capital Markets cut their target price on OceanaGold from C$6.25 to C$5.75 in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$5.75.

OceanaGold Price Performance

Shares of TSE:OGC traded up C$0.27 during mid-day trading on Friday, hitting C$4.62. The company had a trading volume of 3,436,386 shares, compared to its average volume of 2,168,374. OceanaGold has a one year low of C$2.89 and a one year high of C$4.83. The firm has a fifty day moving average price of C$4.31 and a 200 day moving average price of C$4.13. The company has a market capitalization of C$2.30 billion, a PE ratio of 37.47 and a beta of 1.62.

Insider Buying and Selling at OceanaGold

In other OceanaGold news, Senior Officer Liang Tang sold 50,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of C$4.38, for a total value of C$219,000.00. Company insiders own 0.15% of the company's stock.

OceanaGold Company Profile

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.