OceanaGold (TSE:OGC) had its price objective upped by research analysts at Pi Financial from C$4.75 to C$5.00 in a report released on Friday. Pi Financial’s price target indicates a potential upside of 34.05% from the company’s previous close.

OGC has been the subject of several other research reports. National Bank Financial lifted their price target on OceanaGold from C$4.25 to C$4.50 and gave the company a “sector perform” rating in a report on Friday, July 27th. Scotiabank reaffirmed an “outperform” rating and issued a C$5.00 price objective on shares of OceanaGold in a research note on Tuesday, June 12th.

OGC traded down C$0.02 during midday trading on Friday, hitting C$3.73. The company’s stock had a trading volume of 297,522 shares, compared to its average volume of 1,480,506. OceanaGold has a 52-week low of C$2.92 and a 52-week high of C$4.19.

OceanaGold (TSE:OGC) last posted its quarterly earnings results on Thursday, July 26th. The company reported C$0.10 EPS for the quarter, beating the consensus estimate of C$0.07 by C$0.03. The company had revenue of C$265.48 million during the quarter. OceanaGold had a return on equity of 24.55% and a net margin of 36.01%.

In other news, Director Michael Francis Wilkes sold 43,000 shares of OceanaGold stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of C$4.04, for a total value of C$173,720.00. Also, insider Michael Harvy Lou Holmes sold 20,000 shares of OceanaGold stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of C$4.02, for a total value of C$80,400.00. Insiders sold a total of 78,000 shares of company stock worth $254,120 over the last ninety days.

OceanaGold Company Profile

OceanaGold Corporation, a gold mining company, explores for, develops, and operates mineral properties in the Philippines, New Zealand, and the United States. Its flagship asset is the Didipio gold-copper mine located on the island of Luzon in the Philippines. OceanaGold Corporation was incorporated in 2003 and is headquartered in Melbourne, Australia.

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