Shares of OceanaGold Co. (TSE:OGC) have been assigned an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$5.03.
A number of equities analysts have recently weighed in on OGC shares. Royal Bank Of Canada reissued an “outperform” rating on shares of OceanaGold in a research report on Friday, April 28th. Scotiabank reissued an “outperform” rating and issued a C$5.00 price objective on shares of OceanaGold in a research report on Friday, April 28th. BMO Capital Markets reissued a “market perform” rating and issued a C$4.50 price objective on shares of OceanaGold in a research report on Tuesday, June 27th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$5.60 price objective on shares of OceanaGold in a research report on Tuesday, June 27th.
In related news, Director Diane Renee Garrett sold 27,836 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of C$4.57, for a total value of C$127,210.52. Over the last 90 days, insiders sold 172,836 shares of company stock valued at $127,211.
Shares of OceanaGold (OGC) traded up 1.36% on Tuesday, hitting $3.72. 783,893 shares of the company’s stock were exchanged. The stock has a market cap of $2.29 billion and a price-to-earnings ratio of 16.91. OceanaGold has a 12-month low of $3.24 and a 12-month high of $5.11. The company’s 50-day moving average price is $3.65 and its 200 day moving average price is $4.12.
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OceanaGold Corporation, a gold mining company, explores for, develops, and operates mineral properties in the Philippines, New Zealand, and the United States. The company explores for gold and copper deposits. Its flagship asset is the Didipio gold-copper mine located on the island of Luzon in the Philippines.
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