OceanaGold Co. (OGC) Receives C$5.36 Consensus Target Price from Brokerages
OceanaGold Co. (TSE:OGC) has been assigned a consensus rating of “Hold” from the ten analysts that are covering the firm. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$5.36.
OGC has been the subject of several recent research reports. Scotiabank restated an “outperform” rating and issued a C$6.50 price target on shares of OceanaGold in a research report on Wednesday, September 28th. Royal Bank Of Canada upgraded shares of OceanaGold from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 17th. Barclays PLC upgraded shares of OceanaGold from an “equal weight” rating to an “outperform” rating in a research report on Monday, October 17th. Finally, BMO Capital Markets restated a “market perform” rating and issued a C$6.00 price target on shares of OceanaGold in a research report on Wednesday, September 7th.
Shares of OceanaGold (TSE:OGC) opened at 3.52 on Wednesday. The company has a market capitalization of $2.15 billion and a PE ratio of 18.72. The company has a 50-day moving average of $3.98 and a 200 day moving average of $4.40. OceanaGold has a 52-week low of $2.25 and a 52-week 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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