TD Securities Downgrades OceanaGold (TSE:OGC) to Hold

OceanaGold (TSE:OGC) was downgraded by equities research analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other analysts have also weighed in on OGC. Scotiabank upped their target price on OceanaGold from C$6.00 to C$6.25 in a report on Wednesday, January 15th. BMO Capital Markets lowered their price objective on shares of OceanaGold from C$6.25 to C$5.75 in a research note on Thursday, February 20th. CIBC cut their target price on shares of OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Finally, Royal Bank of Canada increased their price target on shares of OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, OceanaGold presently has a consensus rating of “Buy” and an average target price of C$5.58.

OceanaGold Price Performance

Shares of TSE:OGC opened at C$3.87 on Thursday. OceanaGold has a 12 month low of C$2.08 and a 12 month high of C$4.80. The firm has a market capitalization of C$1.92 billion, a price-to-earnings ratio of 31.38 and a beta of 1.62. The business’s 50 day simple moving average is C$4.17 and its 200-day simple moving average is C$3.96.

OceanaGold Company Profile

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.