Brokerages Set OceanaGold Co. (TSE:OGC) Target Price at C$22.79

Shares of OceanaGold Co. (TSE:OGC) have been assigned a consensus rating of “Buy” from the five research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$24.44.

Several research analysts have commented on OGC shares. TD Securities upgraded shares of OceanaGold from a “hold” rating to a “buy” rating and raised their target price for the stock from C$22.00 to C$30.00 in a report on Monday, September 8th. Scotiabank raised their target price on shares of OceanaGold from C$6.50 to C$20.50 and gave the stock an “outperform” rating in a report on Tuesday, June 24th. Raymond James Financial raised OceanaGold to a “moderate buy” rating in a research note on Monday, June 30th. Canaccord Genuity Group upped their target price on OceanaGold from C$25.00 to C$36.00 in a report on Thursday. Finally, Royal Bank Of Canada upped their target price on OceanaGold from C$28.00 to C$34.00 in a report on Wednesday, September 10th.

OceanaGold Price Performance

Shares of OGC opened at C$31.01 on Monday. OceanaGold has a one year low of C$10.68 and a one year high of C$31.41. The company has a 50-day moving average of C$25.02 and a two-hundred day moving average of C$19.91. The stock has a market cap of C$7.17 billion, a price-to-earnings ratio of 19.63 and a beta of 1.33.

OceanaGold Company Profile

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.