OceanaGold Co. (OGC) Upgraded by Barclays PLC to Outperform
OceanaGold Co. (TSE:OGC) was upgraded by research analysts at Barclays PLC from an “equal weight” rating to an “outperform” rating in a research report issued to clients and investors on Monday.
A number of other research firms have also recently weighed in on OGC. Royal Bank Of Canada raised shares of OceanaGold from an “equal weight” rating to an “overweight” rating in a research note on Monday. Scotiabank reiterated a “sector perform” rating and set a C$6.25 price target on shares of OceanaGold in a report on Friday, July 29th. BMO Capital Markets reiterated a “market perform” rating and set a C$6.00 price target on shares of OceanaGold in a report on Wednesday, September 7th. Raymond James Financial Inc. lifted their price target on shares of OceanaGold from C$5.20 to C$6.00 in a report on Monday, June 27th. Finally, National Bank Financial lifted their price target on shares of OceanaGold from C$6.00 to C$6.50 in a report on Wednesday, July 13th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$5.13.
OceanaGold (TSE:OGC) traded up 2.561% during trading on Monday, reaching $3.805. The company’s stock had a trading volume of 1,158,727 shares. The company has a market cap of $2.32 billion and a P/E ratio of 22.515. OceanaGold has a 12 month low of $2.25 and a 12 month high of $5.56. The stock’s 50-day moving average is $4.25 and its 200 day moving average is $4.39.
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OceanaGold Company Profile
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).
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