OceanaGold (TSE:OGC) Downgraded by TD Securities to “Hold”

TD Securities downgraded shares of OceanaGold (TSE:OGC) from a strong-buy rating to a hold rating in a research note released on Thursday,Zacks.com reports.

OGC has been the topic of several other research reports. Royal Bank of Canada upped their price target on OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. Scotiabank raised their target price on shares of OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. BMO Capital Markets dropped their price target on shares of OceanaGold from C$6.25 to C$5.75 in a research note on Thursday, February 20th. Finally, CIBC cut their price objective on shares of OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$5.58.

OceanaGold Price Performance

OGC stock opened at C$3.87 on Thursday. The stock has a market capitalization of C$1.92 billion, a PE ratio of 31.38 and a beta of 1.62. The company has a 50 day moving average price of C$4.17 and a 200 day moving average price of C$3.96. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$4.80.

About OceanaGold

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.