Brokerages Set OceanaGold Co. (TSE:OGC) Target Price at C$5.58

Shares of OceanaGold Co. (TSE:OGC) have been assigned a consensus rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$5.58.

A number of research firms have weighed in on OGC. TD Securities cut shares of OceanaGold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 27th. Scotiabank boosted their target price on shares of OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. BMO Capital Markets dropped their target price on shares of OceanaGold from C$6.25 to C$5.75 in a research note on Thursday, February 20th. CIBC dropped their target price on shares of OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. Finally, Royal Bank of Canada boosted their target price on shares of OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th.

OceanaGold Stock Performance

OceanaGold stock opened at C$4.08 on Thursday. OceanaGold has a fifty-two week low of C$2.67 and a fifty-two week high of C$4.80. The stock has a market cap of C$2.03 billion, a PE ratio of 33.09 and a beta of 1.62. The firm’s 50-day simple moving average is C$4.15 and its 200 day simple moving average is C$4.01.

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.