OceanaGold Co. (OGC) Receives Average Rating of “Buy” from Analysts
OceanaGold Co. (TSE:OGC) has received a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$5.03.
OGC has been the topic of a number of analyst reports. Scotiabank restated an “outperform” rating and issued a C$5.00 price objective on shares of OceanaGold in a report on Friday, April 28th. Raymond James Financial, Inc. restated an “outperform” rating and issued a C$5.60 price objective on shares of OceanaGold in a report on Tuesday, June 27th. Royal Bank Of Canada restated an “outperform” rating on shares of OceanaGold in a report on Friday, April 28th. Finally, BMO Capital Markets restated a “market perform” rating and issued a C$4.50 price objective on shares of OceanaGold in a report on Tuesday, June 27th.
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In other OceanaGold news, Director Diane Renee Garrett sold 55,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of C$4.43, for a total transaction of C$243,650.00. Also, insider Darren Ervin Charles Klinck sold 25,000 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of C$4.57, for a total transaction of C$114,250.00. Insiders have sold a total of 256,636 shares of company stock worth $502,401 over the last three months.
Shares of OceanaGold (OGC) traded down 1.15% during trading on Tuesday, reaching $3.44. 931,589 shares of the company were exchanged. OceanaGold has a 1-year low of $3.24 and a 1-year high of $5.11. The stock has a market capitalization of $2.11 billion and a P/E ratio of 14.33. The firm has a 50-day moving average price of $4.03 and a 200-day moving average price of $4.18.
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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