OceanaGold Co. (TSE:OGC) Receives C$5.13 Consensus PT from Brokerages
Shares of OceanaGold Co. (TSE:OGC) have received a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$5.13.
A number of research firms recently commented on OGC. Scotiabank reiterated an “outperform” rating and set a C$6.50 price objective on shares of OceanaGold in a research report on Wednesday. BMO Capital Markets reissued a “market perform” rating and set a C$6.00 price target on shares of OceanaGold in a report on Wednesday, September 7th. National Bank Financial boosted their price target on OceanaGold from C$6.00 to C$6.50 in a report on Wednesday, July 13th. Barclays PLC started coverage on OceanaGold in a report on Friday, July 8th. They set an “equal weight” rating and a C$6.00 price target for the company. Finally, Raymond James Financial Inc. boosted their price target on OceanaGold from C$5.20 to C$6.00 in a report on Monday, June 27th.
Shares of OceanaGold (TSE:OGC) opened at 3.73 on Wednesday. OceanaGold has a 12-month low of $2.25 and a 12-month high of $5.56. The stock has a market cap of $2.28 billion and a PE ratio of 22.07. The firm has a 50 day moving average price of $4.37 and a 200 day moving average price of $4.38.
OceanaGold Corporation is an Australia-based gold mining and exploration company. The Company is engaged in the production of gold. The Company operates through three segments: New Zealand, the Philippines and the USA. Its asset portfolio consists of the Macraes Operations (Macraes), which include the operating Macraes open pit gold mines and Frasers underground gold mine; the Didipio Operations (Didipio), which includes an open pit that commenced commercial production, and an underground mine; the Waihi Gold Mine Operation (Waihi), which includes the Martha open pit and Correnso underground gold mine, and the Haile Gold Mine Project (Haile).
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