OceanaGold Co. (TSE:OGC) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of OceanaGold Co. (TSE:OGC) have received an average recommendation of “Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$5.75.

A number of analysts have weighed in on OGC shares. BMO Capital Markets reduced their price objective on shares of OceanaGold from C$6.25 to C$5.75 in a research note on Thursday, February 20th. 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. National Bank Financial raised OceanaGold to a “strong-buy” rating in a report on Friday, March 21st. Finally, Raymond James boosted their target price on OceanaGold from C$5.50 to C$6.50 in a research report on Friday, April 4th.

Insider Buying and Selling

In other OceanaGold news, Senior Officer Liang Tang sold 50,000 shares of OceanaGold stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of C$4.38, for a total transaction of C$219,000.00. 0.15% of the stock is owned by insiders.

OceanaGold Trading Up 5.5 %

OceanaGold stock opened at C$4.96 on Monday. OceanaGold has a 12 month low of C$2.89 and a 12 month high of C$5.09. The business’s fifty day simple moving average is C$4.33 and its two-hundred day simple moving average is C$4.16. The company has a market capitalization of C$2.46 billion, a price-to-earnings ratio of 40.22 and a beta of 1.62.

OceanaGold Company Profile

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.