OceanaGold Co. (OGC) Given “Outperform” Rating at Scotiabank
Several other analysts also recently issued reports on OGC. Raymond James Financial Inc. boosted their target price on shares of OceanaGold from C$5.20 to C$6.00 in a research note on Monday, June 27th. Barclays PLC initiated coverage on shares of OceanaGold in a research note on Friday, July 8th. They set an equal weight rating and a C$6.00 target price on the stock. National Bank Financial boosted their target price on shares of OceanaGold from C$6.00 to C$6.50 in a research note on Wednesday, July 13th. Finally, BMO Capital Markets reaffirmed a market perform rating and issued a C$6.00 price target on shares of OceanaGold in a research note on Wednesday, September 7th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of C$5.13.
OceanaGold (TSE:OGC) opened at 4.01 on Wednesday. The stock has a 50 day moving average price of $4.59 and a 200-day moving average price of $4.38. OceanaGold has a 12-month low of $1.79 and a 12-month high of $5.56. The stock has a market cap of $2.45 billion and a P/E ratio of 23.73.
OceanaGold Corporation is an Australia-based gold mining and exploration company. The Company is engaged in the production of gold. The Company operates through three segments: New Zealand, the Philippines and the USA. Its asset portfolio consists of the Macraes Operations (Macraes), which include the operating Macraes open pit gold mines and Frasers underground gold mine; the Didipio Operations (Didipio), which includes an open pit that commenced commercial production, and an underground mine; the Waihi Gold Mine Operation (Waihi), which includes the Martha open pit and Correnso underground gold mine, and the Haile Gold Mine Project (Haile).
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