OceanaGold Co. (TSE:OGC) Senior Officer Sells C$219,000.00 in Stock

OceanaGold Co. (TSE:OGC) Senior Officer Liang Tang sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of C$4.38, for a total value of C$219,000.00.

OceanaGold Stock Performance

OGC stock opened at C$4.34 on Friday. The firm has a market cap of C$2.16 billion, a P/E ratio of 35.20 and a beta of 1.62. The firm’s fifty day moving average is C$4.18 and its 200 day moving average is C$4.03. OceanaGold Co. has a 52 week low of C$2.77 and a 52 week high of C$4.80.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. Scotiabank boosted their price target on shares of OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. CIBC lowered their price objective on OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. TD Securities cut OceanaGold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets cut their price target on shares of OceanaGold from C$6.25 to C$5.75 in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, OceanaGold currently has an average rating of “Buy” and a consensus price target of C$5.58.

OceanaGold Company Profile

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.