OceanaGold (TSE:OGC) Stock Price Crosses Below Two Hundred Day Moving Average of $2.41

OceanaGold Co. (TSE:OGCGet Rating) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.41 and traded as low as C$2.02. OceanaGold shares last traded at C$2.08, with a volume of 1,228,429 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. National Bankshares cut their price objective on OceanaGold from C$4.00 to C$3.50 and set an “outperform” rating on the stock in a research note on Thursday, July 21st. Barclays dropped their price target on OceanaGold from C$3.50 to C$2.50 and set a “na” rating on the stock in a research report on Tuesday, July 19th.

OceanaGold Stock Performance

The company has a debt-to-equity ratio of 19.05, a current ratio of 1.67 and a quick ratio of 0.85. The business has a 50-day simple moving average of C$2.05 and a 200-day simple moving average of C$2.41. The firm has a market capitalization of C$1.46 billion and a PE ratio of 26.00.

OceanaGold Company Profile

(Get Rating)

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.

Further Reading

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