OceanaGold Co. (TSE:OGC) Senior Officer Sells C$113,124.00 in Stock

OceanaGold Co. (TSE:OGC) Senior Officer Peter John Sharpe sold 42,850 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$2.64, for a total value of C$113,124.00.

OceanaGold Stock Up 2.1 %

OceanaGold stock opened at C$4.39 on Tuesday. OceanaGold Co. has a 52 week low of C$2.80 and a 52 week high of C$4.80. The company’s 50 day moving average price is C$4.19 and its two-hundred day moving average price is C$4.05. The stock has a market cap of C$2.18 billion, a P/E ratio of 35.60 and a beta of 1.62.

Wall Street Analyst Weigh In

OGC has been the subject of a number of recent research reports. CIBC decreased their price target on shares of OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. TD Securities lowered shares of OceanaGold from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 27th. Royal Bank of Canada raised their price target on shares of 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, Scotiabank lifted their target price on OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$5.58.

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.