OceanaGold (TSE:OGC) Lowered to Hold Rating by TD Securities

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

OGC has been the subject of a number of other reports. BMO Capital Markets decreased their price target on shares of OceanaGold from C$6.25 to C$5.75 in a report on Thursday, February 20th. CIBC lowered their price objective on shares of OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. Royal Bank of Canada lifted their target price on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. Finally, Scotiabank boosted their price target on shares of OceanaGold from C$6.00 to C$6.25 in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$5.58.

OceanaGold Trading Down 2.8 %

Shares of OceanaGold stock opened at C$3.87 on Thursday. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$4.80. The firm has a fifty day simple moving average of C$4.17 and a 200-day simple moving average of C$3.96. The stock has a market capitalization of C$1.92 billion, a price-to-earnings ratio of 31.38 and a beta of 1.62.

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.