OceanaGold (TSE:OGC – Get Rating) had its price objective lowered by Barclays from C$3.50 to C$2.50 in a report issued on Tuesday morning, Marketbeat Ratings reports. The firm currently has a na rating on the stock.
Several other analysts have also recently commented on the company. Scotiabank raised their target price on OceanaGold from C$3.75 to C$4.00 in a research report on Tuesday, April 19th. Raymond James set a C$4.50 target price on OceanaGold and gave the company an outperform rating in a research report on Friday, April 29th. CIBC raised their target price on OceanaGold from C$3.00 to C$3.50 in a research report on Wednesday, April 13th. Finally, National Bankshares raised their target price on OceanaGold from C$3.50 to C$4.00 in a research report on Wednesday, April 20th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, OceanaGold has a consensus rating of Moderate Buy and an average price target of C$3.34.
OceanaGold Stock Up 2.1 %
Shares of OceanaGold stock opened at C$2.43 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.20 and a debt-to-equity ratio of 22.22. The business’s 50 day simple moving average is C$2.70 and its 200-day simple moving average is C$2.60. The stock has a market capitalization of C$1.71 billion and a price-to-earnings ratio of 22.09. OceanaGold has a twelve month low of C$1.79 and a twelve month high of C$3.41.
In other news, Director Craig Joseph Nelsen purchased 32,600 shares of the stock in a transaction dated Friday, June 10th. The shares were bought at an average cost of C$2.84 per share, for a total transaction of C$92,584.00. Following the transaction, the director now owns 242,600 shares in the company, valued at C$688,984.
OceanaGold Company Profile
OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, and silver deposits. The company operates the Didipio gold-copper mine located in the Nueva Vizcaya and Quirino provinces on the island of Luzon in the Philippines; the Macraes goldfield mine on the South Island of New Zealand and the Waihi gold mine on the North Island of New Zealand; and the Haile gold mine located in South Carolina, the United States.
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