OceanaGold Co. (TSE:OGC) Receives Consensus Recommendation of “Hold” from Analysts
OceanaGold Co. (TSE:OGC) has received a consensus rating of “Hold” from the eleven research firms that are currently covering the firm. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$5.13.
Several equities research analysts have recently weighed in on the stock. Barclays PLC assumed 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 for the company. National Bank Financial increased their target price on shares of OceanaGold from C$6.00 to C$6.50 in a research note on Wednesday, July 13th. Scotiabank reiterated a “sector perform” rating and set a C$6.25 target price on shares of OceanaGold in a research note on Wednesday, September 7th. BMO Capital Markets reiterated a “market perform” rating and set a C$6.00 target price on shares of OceanaGold in a research note on Wednesday, September 7th. Finally, Raymond James Financial Inc. increased their target price on shares of OceanaGold from C$5.20 to C$6.00 in a research note on Monday, June 27th.
OceanaGold (TSE:OGC) traded up 0.28% during midday trading on Wednesday, reaching $3.62. The company had a trading volume of 1,149,891 shares. OceanaGold has a 1-year low of $2.15 and a 1-year high of $5.56. The firm’s 50 day moving average is $4.48 and its 200 day moving average is $4.39. The stock has a market capitalization of $2.21 billion and a PE ratio of 21.42.
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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