Analysts Set OceanaGold Co. (TSE:OGC) PT at C$5.58

Shares of OceanaGold Co. (TSE:OGC) have been given an average rating of “Buy” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$5.58.

OGC has been the topic of several research reports. BMO Capital Markets lowered their price target on shares of OceanaGold from C$6.25 to C$5.75 in a research report on Thursday, February 20th. Royal Bank of Canada boosted their price target on shares of OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. CIBC cut their price target on shares of OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. TD Securities cut shares of OceanaGold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Scotiabank upped their price objective on shares of OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th.

OceanaGold Stock Performance

OceanaGold stock opened at C$4.22 on Thursday. The stock has a market cap of C$2.10 billion, a PE ratio of 34.22 and a beta of 1.62. OceanaGold has a fifty-two week low of C$2.67 and a fifty-two week high of C$4.80. The firm’s 50-day simple moving average is C$4.16 and its 200 day simple moving average is C$4.02.

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.