OceanaGold Co. (OGC) Receives Consensus Rating of “Buy” from Analysts

OceanaGold Co. (TSE:OGC) has been given a consensus recommendation of “Buy” by the seven ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$5.32.

Several brokerages recently weighed in on OGC. National Bank Financial boosted their price objective on OceanaGold from C$5.50 to C$5.75 and gave the company an “outperform” rating in a report on Thursday, February 1st. Scotiabank lowered their price objective on OceanaGold to C$5.00 and set an “outperform” rating for the company in a report on Thursday, November 9th.

Shares of OceanaGold (TSE:OGC) traded down C$0.19 during trading on Friday, reaching C$3.04. The company had a trading volume of 4,594,800 shares, compared to its average volume of 1,660,000. The company has a market capitalization of $1,880.00, a price-to-earnings ratio of 12.16 and a beta of -0.14. OceanaGold has a 1 year low of C$2.92 and a 1 year high of C$5.00.

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About OceanaGold

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.

Analyst Recommendations for OceanaGold (TSE:OGC)

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