OceanaGold Co. (OGC) Upgraded by Barclays PLC to “Outperform”
OceanaGold Co. (TSE:OGC) was upgraded by equities researchers at Barclays PLC from an “equal weight” rating to an “outperform” rating in a note issued to investors on Monday.
Several other analysts also recently commented on OGC. Royal Bank Of Canada raised shares of OceanaGold from an “equal weight” rating to an “overweight” rating in a report on Monday. BMO Capital Markets reissued a “market perform” rating and issued a C$6.00 price objective on shares of OceanaGold in a report on Wednesday, September 7th. Scotiabank raised shares of OceanaGold from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$6.25 to C$6.50 in a report on Wednesday, September 21st. National Bank Financial boosted their price objective on shares of OceanaGold from C$6.00 to C$6.50 in a report on Wednesday, July 13th. Finally, Raymond James Financial Inc. boosted their price objective on shares of OceanaGold from C$5.20 to C$6.00 in a report on Monday, June 27th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of C$5.13.
OceanaGold (TSE:OGC) traded up 2.43% during mid-day trading on Monday, hitting $3.80. 969,414 shares of the stock traded hands. The company has a 50 day moving average price of $4.25 and a 200-day moving average price of $4.39. The stock has a market capitalization of $2.32 billion and a PE ratio of 22.49. OceanaGold has a one year low of $2.25 and a one year high of $5.56.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/17/oceanagold-co-ogc-upgraded-by-barclays-plc-to-outperform.html
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).
Receive News & Ratings for OceanaGold Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanaGold Co. and related companies with MarketBeat.com's FREE daily email newsletter.