OceanaGold Co. (OGC) Receives Average Rating of “Buy” from Analysts
OceanaGold Co. (TSE:OGC) has received a consensus rating of “Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$5.32.
A number of research firms have commented on OGC. Scotiabank reaffirmed an “outperform” rating and set a C$5.00 price objective on shares of OceanaGold in a research note on Wednesday, October 4th. National Bank Financial reaffirmed an “outperform” rating and set a C$5.00 price objective on shares of OceanaGold in a research note on Saturday, September 23rd. Finally, Desjardins reiterated a “buy” rating and issued a C$5.75 target price on shares of OceanaGold in a report on Friday, September 29th.
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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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