Barclays PLC upgraded shares of OceanaGold Co. (TSE:OGC) from an equal weight rating to an outperform rating in a report released on Monday morning.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada raised shares of OceanaGold from an equal weight rating to an overweight rating in a research note on Monday. National Bank Financial upped their price objective on shares of OceanaGold from C$6.00 to C$6.50 in a research note on Wednesday, July 13th. Scotiabank reissued a sector perform rating and set a C$6.25 target price on shares of OceanaGold in a research report on Friday, July 29th. BMO Capital Markets reissued a market perform rating and set a C$6.00 target price on shares of OceanaGold in a research report 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 report on Monday, June 27th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of C$5.13.

Shares of OceanaGold (TSE:OGC) opened at 3.93 on Monday. The stock has a market cap of $2.40 billion and a P/E ratio of 23.25. The stock’s 50 day moving average is $4.23 and its 200 day moving average is $4.40. OceanaGold has a 12 month low of $2.25 and a 12 month high of $5.56.

OceanaGold Company Profile

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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