OceanaGold Co. (TSE:OGC) was upgraded by stock analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a note issued to investors on Wednesday, StockTargetPrices.com reports. The firm currently has a C$6.50 target price on the stock, up from their previous target price of C$6.25. Scotiabank’s target price points to a potential upside of 48.06% from the stock’s current price.

OGC has been the subject of several other research reports. National Bank Financial raised their price target on OceanaGold from C$6.00 to C$6.50 in a report on Wednesday, July 13th. Raymond James Financial Inc. raised their price target on OceanaGold from C$5.20 to C$6.00 in a report on Monday, June 27th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$6.00 price target on shares of OceanaGold in a report on Wednesday, September 7th. Finally, Barclays PLC assumed coverage on OceanaGold in a report on Friday, July 8th. They set an “equal weight” rating and a C$6.00 price target for the company. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of C$5.13.

Analyst Recommendations for OceanaGold (TSE:OGC)

Shares of OceanaGold (TSE:OGC) traded up 2.96% on Wednesday, reaching $4.52. 730,659 shares of the company traded hands. The firm’s 50 day moving average is $4.61 and its 200 day moving average is $4.36. The company has a market capitalization of $2.76 billion and a P/E ratio of 26.75. OceanaGold has a one year low of $1.79 and a one year high of $5.56.

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About OceanaGold

OceanaGold Corporation is an Australia-based gold mining and exploration company. The Company is engaged in the production of gold. The Company operates through three segments: New Zealand, the Philippines and the USA. Its asset portfolio consists of the Macraes Operations (Macraes), which include the operating Macraes open pit gold mines and Frasers underground gold mine; the Didipio Operations (Didipio), which includes an open pit that commenced commercial production, and an underground mine; the Waihi Gold Mine Operation (Waihi), which includes the Martha open pit and Correnso underground gold mine, and the Haile Gold Mine Project (Haile).

Stock Target Prices

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