OceanaGold Co. (TSE:OGC) Senior Officer Liang Tang Sells 50,000 Shares of Stock

OceanaGold Co. (TSE:OGC) Senior Officer Liang Tang sold 50,000 shares of the firm’s stock in a transaction dated 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

Shares of TSE OGC opened at C$4.34 on Friday. The firm’s 50-day simple moving average is C$4.18 and its 200 day simple moving average is C$4.03. The stock has a market cap of C$2.16 billion, a price-to-earnings ratio of 35.20 and a beta of 1.62. OceanaGold Co. has a fifty-two week low of C$2.77 and a fifty-two week high of C$4.80.

Analysts Set New Price Targets

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

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.