OceanaGold (TSE:OGC) Price Target Raised to C$36.00 at Canaccord Genuity Group

OceanaGold (TSE:OGC) had its price objective boosted by Canaccord Genuity Group from C$25.00 to C$36.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

OGC has been the subject of several other research reports. Scotiabank lifted their price target on OceanaGold from C$6.50 to C$20.50 and gave the stock an “outperform” rating in a research note on Tuesday, June 24th. TD Securities raised OceanaGold from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$22.00 to C$30.00 in a research note on Monday, September 8th. Royal Bank Of Canada lifted their price target on OceanaGold from C$28.00 to C$34.00 in a research note on Wednesday, September 10th. Finally, Raymond James Financial raised OceanaGold to a “moderate buy” rating in a research note on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$24.44.

OceanaGold Stock Down 1.0%

Shares of OGC stock opened at C$30.60 on Thursday. The business has a 50-day moving average price of C$24.79 and a two-hundred day moving average price of C$19.69. OceanaGold has a 12-month low of C$10.68 and a 12-month high of C$31.41. The firm has a market cap of C$7.07 billion, a P/E ratio of 19.37 and a beta of 0.99.

About OceanaGold

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.