OceanaGold Co. (OGC) Receives Outperform Rating from Scotiabank
OceanaGold Co. (TSE:OGC)‘s stock had its “outperform” rating reissued by research analysts at Scotiabank in a report released on Monday. They presently have a C$5.00 target price on the stock. Scotiabank’s price target suggests a potential upside of 34.05% from the company’s current price.
Several other equities research analysts have also commented on the company. Royal Bank of Canada restated an “outperform” rating on shares of OceanaGold in a research note on Friday, April 28th. Raymond James Financial, Inc. restated an “outperform” rating and set a C$5.60 price target on shares of OceanaGold in a research note on Tuesday, June 27th. Finally, BMO Capital Markets restated a “market perform” rating and set a C$4.50 price target on shares of OceanaGold in a research note on Tuesday, June 27th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$5.40.
Shares of OceanaGold (OGC) traded up 0.678% during mid-day trading on Monday, hitting $3.715. The company had a trading volume of 784,262 shares. OceanaGold has a 12 month low of $3.24 and a 12 month high of $5.49. The firm has a 50-day moving average of $4.41 and a 200-day moving average of $4.19. The company has a market cap of $2.28 billion and a PE ratio of 15.479.
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In other news, insider Darren Ervin Charles Klinck sold 25,000 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of C$4.57, for a total value of C$114,250.00. Also, Director Diane Renee Garrett sold 27,836 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of C$4.57, for a total value of C$127,210.52. In the last quarter, insiders sold 256,636 shares of company stock valued at $502,401.
OceanaGold Company Profile
OceanaGold Corporation is a gold mining company. The Company is engaged in the exploration, development and operation of gold and other mineral mining activities. The Company’s segments are New Zealand, the Philippines, the United States and All other segments. The Company’s assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines.
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