OceanaGold Co. (OGC) Given Average Recommendation of “Buy” by Brokerages
Shares of OceanaGold Co. (TSE:OGC) have been given an average rating of “Buy” by the eight ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$5.17.
OGC has been the topic of a number of analyst reports. Desjardins reiterated a “buy” rating and set a C$5.75 target price on shares of OceanaGold in a report on Friday, September 29th. BMO Capital Markets reiterated a “market perform” rating and set a C$4.50 target price on shares of OceanaGold in a report on Tuesday, June 27th. Scotiabank reiterated an “outperform” rating and set a C$5.00 target price on shares of OceanaGold in a report on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of OceanaGold in a report on Tuesday, June 27th. Finally, National Bank Financial reiterated an “outperform” rating and set a C$5.00 target price on shares of OceanaGold in a report on Saturday, September 23rd.
Shares of OceanaGold (TSE OGC) traded down 0.25% during trading on Friday, reaching $3.92. The company had a trading volume of 2,138,173 shares. The firm has a market capitalization of $2.41 billion and a P/E ratio of 17.82. OceanaGold has a 12 month low of $3.24 and a 12 month high of $5.00. The firm’s 50 day moving average price is $3.82 and its 200 day moving average price is $4.02.
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OceanaGold Company Profile
OceanaGold Corporation is a gold mining company. The Company is engaged in the exploration, development and operation of gold and other mineral mining activities. The Company’s segments are New Zealand, the Philippines, the United States and All other segments. The Company’s assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines.
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