OceanaGold Co. (TSE:OGC) Receives Average Rating of “Buy” from Analysts

Shares of OceanaGold Co. (TSE:OGC) have received an average rating of “Buy” from the six brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$5.75.

Several analysts recently issued reports on the stock. Raymond James boosted their price objective on shares of OceanaGold from C$5.50 to C$6.50 in a report on Friday, April 4th. TD Securities lowered shares of OceanaGold from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 27th. Scotiabank lifted their target price on shares of OceanaGold from C$6.00 to C$6.25 in a report on Wednesday, January 15th. BMO Capital Markets decreased their price target on OceanaGold from C$6.25 to C$5.75 in a research note on Thursday, February 20th. Finally, National Bank Financial raised OceanaGold to a “strong-buy” rating in a research note on Friday, March 21st.

Insider Activity 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 stock was 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 company insiders.

OceanaGold Stock Down 2.7 %

TSE:OGC opened at C$4.75 on Friday. OceanaGold has a 52 week low of C$2.93 and a 52 week high of C$5.33. The stock’s fifty day moving average is C$4.51 and its two-hundred day moving average is C$4.27. The company has a market capitalization of C$2.36 billion, a P/E ratio of 38.52 and a beta of 1.62.

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.