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 research note issued on Wednesday. They presently have a C$5.00 target price on the stock. Scotiabank’s target price points to a potential upside of 27.23% from the company’s previous close.
A number of other research firms also recently issued reports on OGC. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$5.60 price target on shares of OceanaGold in a research note on Tuesday, June 27th. Royal Bank Of Canada reiterated an “outperform” rating on shares of OceanaGold in a research note on Tuesday, June 27th. BMO Capital Markets reiterated a “market perform” rating and set a C$4.50 price target on shares of OceanaGold in a research note on Tuesday, June 27th. Desjardins reiterated a “buy” rating and set a C$5.75 price target on shares of OceanaGold in a research note on Friday, September 29th. Finally, National Bank Financial reiterated an “outperform” rating and set a C$5.00 price target on shares of OceanaGold in a research note on Saturday, September 23rd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$5.17.
OceanaGold (OGC) traded up 3.42% on Wednesday, hitting $3.93. The stock had a trading volume of 1,431,600 shares. OceanaGold has a 52 week low of $3.24 and a 52 week high of $5.00. The stock has a market capitalization of $2.42 billion and a price-to-earnings ratio of 17.86. The company has a 50-day moving average price of $3.80 and a 200-day moving average price of $4.02.
WARNING: “OceanaGold Co. (OGC) Receives “Outperform” Rating from Scotiabank” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/04/oceanagold-co-ogc-receives-outperform-rating-from-scotiabank.html.
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.
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.