OceanaGold Co. (TSE:OGC) Receives C$5.13 Average Price Target from Analysts

Shares of OceanaGold Co. (TSE:OGC) have been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$5.33.

OGC has been the subject of several recent analyst reports. CIBC reduced their target price on OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. BMO Capital Markets reduced their target price on OceanaGold from C$6.25 to C$5.75 in a report on Thursday. TD Securities raised OceanaGold to a “strong-buy” rating in a report on Tuesday, February 4th. Scotiabank upped their target price on OceanaGold from C$6.00 to C$6.25 in a report on Wednesday, January 15th. Finally, Royal Bank of Canada upped their target price on OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th.

OceanaGold Stock Down 3.4 %

Shares of OceanaGold stock opened at C$4.00 on Friday. The company has a market cap of C$1.99 billion, a PE ratio of 32.44 and a beta of 1.62. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$4.80. The business has a 50 day moving average price of C$4.18 and a 200-day moving average price of C$3.96.

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.