OceanaGold Co. (OGC) Upgraded by Royal Bank Of Canada to Overweight
OceanaGold Co. (TSE:OGC) was upgraded by stock analysts at Royal Bank Of Canada from an “equal weight” rating to an “overweight” rating in a report released on Monday, StockTargetPrices.com reports.
Other analysts also recently issued research reports about the stock. National Bank Financial raised their price target on shares of OceanaGold from C$6.00 to C$6.50 in a report on Wednesday, July 13th. Scotiabank restated a “sector perform” rating and issued a C$6.25 price target on shares of OceanaGold in a research note on Friday, July 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$6.00 price objective on shares of OceanaGold in a research report on Wednesday, September 7th. Barclays PLC started coverage on shares of OceanaGold in a research report on Friday, July 8th. They set an “equal weight” rating and a C$6.00 price objective for the company. Finally, Raymond James Financial Inc. boosted their price target on shares of OceanaGold from C$5.20 to C$6.00 in a research report on Monday, June 27th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$5.13.
OceanaGold (TSE:OGC) traded up 1.89% during mid-day trading on Monday, reaching $3.78. The company’s stock had a trading volume of 1,994,558 shares. The company’s 50-day moving average price is $4.25 and its 200 day moving average price is $4.39. The firm has a market capitalization of $2.31 billion and a price-to-earnings ratio of 22.37. OceanaGold has a 52 week low of $2.25 and a 52 week high of $5.56.
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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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