OceanaGold (TSE:OGC) Price Target Lowered to C$5.75 at BMO Capital Markets

OceanaGold (TSE:OGC) had its target price trimmed by BMO Capital Markets from C$6.25 to C$5.75 in a report issued on Thursday morning,BayStreet.CA reports.

Several other research firms have also weighed in on OGC. Royal Bank of Canada lifted their price objective on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. National Bankshares lowered their target price on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Scotiabank boosted their price target on OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. TD Securities raised shares of OceanaGold to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, CIBC dropped their target price on shares of OceanaGold from C$6.00 to C$5.75 in a research report on Friday, December 13th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$5.33.

OceanaGold Stock Down 5.7 %

OGC opened at C$4.14 on Thursday. The stock has a market cap of C$2.06 billion, a PE ratio of 33.57 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 company has a fifty day moving average of C$4.18 and a 200-day moving average of C$3.95.

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.