Canaccord Genuity Group Issues Positive Forecast for OceanaGold (TSE:OGC) Stock Price

OceanaGold (TSE:OGC) had its target price increased by Canaccord Genuity Group from C$25.00 to C$36.00 in a research report released on Thursday morning,BayStreet.CA reports.

Several other research firms have also recently commented on OGC. Royal Bank Of Canada increased their price target on shares of OceanaGold from C$28.00 to C$34.00 in a research note on Wednesday, September 10th. Raymond James Financial raised shares of OceanaGold to a “moderate buy” rating in a research note on Monday, June 30th. TD Securities raised shares of OceanaGold from a “hold” rating to a “buy” rating and increased their price target for the company from C$22.00 to C$30.00 in a research note on Monday, September 8th. Finally, Scotiabank increased their price target on shares of OceanaGold from C$6.50 to C$20.50 and gave the company an “outperform” rating in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, OceanaGold presently has a consensus rating of “Buy” and a consensus price target of C$24.44.

OceanaGold Trading Up 1.3%

Shares of OceanaGold stock opened at C$31.01 on Thursday. The stock has a market capitalization of C$7.17 billion, a price-to-earnings ratio of 19.63 and a beta of 0.99. OceanaGold has a 1-year low of C$10.68 and a 1-year high of C$31.41. The firm’s 50-day moving average price is C$25.02 and its two-hundred day moving average price is C$19.87.

OceanaGold Company Profile

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.