OceanaGold Co. (TSE:OGC) Receives C$5.75 Consensus PT from Brokerages

Shares of OceanaGold Co. (TSE:OGC) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$5.75.

Several research firms recently commented on OGC. CIBC reduced their target price on shares of OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. National Bank Financial raised OceanaGold to a “strong-buy” rating in a research note on Friday, March 21st. BMO Capital Markets reduced their target price on OceanaGold from C$6.25 to C$5.75 in a report on Thursday, February 20th. TD Securities lowered shares of OceanaGold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Scotiabank lifted their price objective on OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th.

OceanaGold Trading Up 6.2 %

OGC opened at C$4.62 on Monday. OceanaGold has a 12-month low of C$2.89 and a 12-month high of C$4.83. The stock has a 50-day moving average price of C$4.32 and a 200-day moving average price of C$4.15. The stock has a market capitalization of C$2.30 billion, a P/E ratio of 37.47 and a beta of 1.62.

Insider Buying and Selling

In other OceanaGold news, Senior Officer Liang Tang sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of C$4.38, for a total value of C$219,000.00. 0.15% of the stock is currently owned by corporate insiders.

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.