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

OceanaGold Co. (TSE:OGC) has been assigned a consensus rating of “Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$5.58.

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

OceanaGold Price Performance

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

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.