Insider Selling: OceanaGold Co. (TSE:OGC) Senior Officer Sells 50,000 Shares of Stock

OceanaGold Co. (TSE:OGC) Senior Officer Liang Tang sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of C$4.38, for a total transaction of C$219,000.00.

OceanaGold Price Performance

Shares of OGC traded down C$0.04 during mid-day trading on Thursday, hitting C$4.34. The stock had a trading volume of 2,471,916 shares, compared to its average volume of 2,133,424. The firm has a market cap of C$2.16 billion, a P/E ratio of 35.20 and a beta of 1.62. OceanaGold Co. has a 52 week low of C$2.77 and a 52 week high of C$4.80. The business has a fifty day moving average price of C$4.17 and a 200-day moving average price of C$4.02.

Wall Street Analyst Weigh In

Several research firms have commented on OGC. Royal Bank of Canada increased their price objective on shares of OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. BMO Capital Markets decreased their price target on OceanaGold from C$6.25 to C$5.75 in a research report on Thursday, February 20th. Scotiabank boosted their price objective on OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. CIBC reduced their price objective on OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. Finally, TD Securities cut OceanaGold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently 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.