OceanaGold Co. (OGC) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of OceanaGold Co. (TSE:OGC) have been assigned an average recommendation of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$5.32.
Several equities research analysts have recently issued reports on the company. Scotiabank reduced their price target on OceanaGold to C$5.00 and set an “outperform” rating for the company in a report on Thursday, November 9th. Desjardins reiterated a “buy” rating and set a C$5.75 price target on shares of OceanaGold in a report on Friday, September 29th. Finally, National Bank Financial lifted their price target on OceanaGold from C$5.00 to C$5.75 and gave the company an “outperform” rating in a report on Wednesday, October 18th.
Shares of OceanaGold (TSE OGC) traded up C$0.14 during midday trading on Tuesday, reaching C$3.32. The company’s stock had a trading volume of 313,225 shares, compared to its average volume of 1,316,371. OceanaGold has a 12-month low of C$2.92 and a 12-month high of C$5.00. The firm has a market cap of $1,990.00, a price-to-earnings ratio of 13.28 and a beta of -0.23.
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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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