Scotiabank Initiates Coverage on OceanaGold Co. (TSE:OGC)

Scotiabank initiated coverage on shares of OceanaGold Co. (TSE:OGC) in a report published on Tuesday, June 27th. The firm issued an outperform rating and a C$5.00 price objective on the stock.

Several other analysts have also issued reports on the company. Royal Bank Of Canada reissued an outperform rating on shares of OceanaGold in a report on Friday, April 28th. Raymond James Financial, Inc. reiterated an outperform rating and issued a C$5.60 target price on shares of OceanaGold in a research report on Tuesday, June 27th. CIBC reiterated an outperform rating on shares of OceanaGold in a research report on Tuesday, March 7th. Finally, BMO Capital Markets restated a market perform rating and set a C$4.50 price objective on shares of OceanaGold in a research report on Tuesday, June 27th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of C$5.03.

Shares of OceanaGold (TSE OGC) opened at 3.58 on Tuesday. The firm has a market capitalization of $2.20 billion and a P/E ratio of 14.92. OceanaGold has a 12 month low of $3.24 and a 12 month high of $5.11. The company has a 50 day moving average of $4.41 and a 200-day moving average of $4.19.

TRADEMARK VIOLATION WARNING: This news story was published by Stock Observer and is owned by of Stock Observer. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.thestockobserver.com/2017/07/18/oceanagold-co-ogc-receives-new-coverage-from-analysts-at-scotiabank-updated-updated.html.

In related news, Director Diane Renee Garrett sold 55,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of C$4.43, for a total value of C$243,650.00. Also, insider Darren Ervin Charles Klinck sold 25,000 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of C$4.57, for a total value of C$114,250.00. Insiders have sold a total of 256,636 shares of company stock worth $502,401 in the last ninety days.

OceanaGold Company Profile

OceanaGold Corporation is a gold mining company. The Company is engaged in the exploration, development and operation of gold and other mineral mining activities. The Company’s segments are New Zealand, the Philippines, the United States and All other segments. The Company’s assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines.

Analyst Recommendations for OceanaGold (TSE:OGC)

Receive News & Ratings for OceanaGold Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanaGold Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply