OceanaGold Co. (OGC) Upgraded to “Overweight” by Royal Bank Of Canada
Royal Bank Of Canada upgraded shares of OceanaGold Co. (TSE:OGC) from an equal weight rating to an overweight rating in a report issued on Monday, StockTargetPrices.com reports.
A number of other analysts also recently issued reports on OGC. 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. Scotiabank raised shares of OceanaGold from a sector perform rating to an outperform rating and increased their price target for the stock from C$6.25 to C$6.50 in a report on Wednesday, September 21st. National Bank Financial increased their price target on shares of OceanaGold from C$6.00 to C$6.50 in a report on Wednesday, July 13th. Barclays PLC assumed coverage on shares of OceanaGold in a report on Friday, July 8th. They set an equal weight rating and a C$6.00 price target on the stock. Finally, Raymond James Financial Inc. increased their price target on shares of OceanaGold from C$5.20 to C$6.00 in a report on Monday, June 27th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. OceanaGold currently has an average rating of Hold and a consensus price target of C$5.13.
OceanaGold (TSE:OGC) opened at 3.93 on Monday. OceanaGold has a one year low of $2.25 and a one year high of $5.56. The company has a market capitalization of $2.40 billion and a P/E ratio of 23.25. The company’s 50-day moving average is $4.23 and its 200 day moving average is $4.40.
OceanaGold Company Profile
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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