OceanaGold Co. (TSE:OGC) Receives Average Rating of “Buy” from Brokerages

OceanaGold Co. (TSE:OGC) has been given a consensus recommendation of “Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$5.58.

A number of research analysts have recently issued reports on OGC shares. Scotiabank raised their price target on shares of OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. TD Securities downgraded OceanaGold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 27th. Royal Bank of Canada increased their price target on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. BMO Capital Markets lowered their price objective on OceanaGold from C$6.25 to C$5.75 in a research note on Thursday, February 20th. Finally, CIBC cut their target price on OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th.

OceanaGold Trading Up 1.4 %

OGC stock opened at C$4.38 on Thursday. The firm has a market cap of C$2.18 billion, a P/E ratio of 35.52 and a beta of 1.62. The stock’s 50 day simple moving average is C$4.17 and its 200 day simple moving average is C$4.02. OceanaGold has a 12-month low of C$2.69 and a 12-month high of C$4.80.

About OceanaGold

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.