OceanaGold Co. (TSE:OGC) Senior Officer Sells C$113,124.00 in Stock

OceanaGold Co. (TSE:OGC) Senior Officer Peter John Sharpe sold 42,850 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$2.64, for a total value of C$113,124.00.

OceanaGold Trading Up 3.6 %

OGC stock opened at C$4.55 on Wednesday. OceanaGold Co. has a 1-year low of C$2.83 and a 1-year high of C$4.80. The business’s 50 day moving average is C$4.20 and its 200-day moving average is C$4.05. The firm has a market cap of C$2.26 billion, a P/E ratio of 36.90 and a beta of 1.62.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OGC. National Bank Financial raised OceanaGold to a “strong-buy” rating in a research report on Friday, March 21st. CIBC reduced their price target on shares of OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. Royal Bank of Canada boosted their price objective on shares of OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. Scotiabank increased their target price on shares of OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. Finally, TD Securities lowered OceanaGold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$5.58.

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.