OceanaGold Co. (TSE:OGC) Receives Average Rating of “Buy” from Brokerages

Shares of OceanaGold Co. (TSE:OGC) have been assigned an average rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$5.33.

OGC has been the topic of a number of analyst reports. TD Securities upgraded OceanaGold to a “strong-buy” rating in a research report on Tuesday, February 4th. BMO Capital Markets reduced their price target on OceanaGold from C$6.25 to C$5.75 in a research report on Thursday. Scotiabank upped their price target on OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. CIBC reduced their price target on OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Finally, Royal Bank of Canada upped their price target on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th.

OceanaGold Stock Down 3.4 %

Shares of OGC stock opened at C$4.00 on Friday. The firm has a market capitalization of C$1.99 billion, a P/E ratio of 32.44 and a beta of 1.62. OceanaGold has a twelve month low of C$2.08 and a twelve month high of C$4.80. The stock’s fifty day simple moving average is C$4.18 and its 200 day simple moving average is C$3.96.

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.