OceanaGold (TSE:OGC) Price Target Cut to C$4.00

OceanaGold (TSE:OGC) had its price target cut by investment analysts at Scotiabank from C$4.25 to C$4.00 in a research report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 62.60% from the stock’s previous close.

OGC has been the subject of a number of other reports. Desjardins reiterated a “buy” rating on shares of OceanaGold in a research report on Tuesday, October 24th. Cormark lowered their price target on shares of OceanaGold from C$4.25 to C$3.75 in a report on Friday.

OceanaGold Price Performance

Shares of OGC opened at C$2.46 on Friday. OceanaGold has a 1-year low of C$1.79 and a 1-year high of C$3.50.

About OceanaGold

OceanaGold Corporation, a gold producer, engages in exploration, development, and operation of mineral properties. It explores for gold, copper, and silver deposits. The company holds interest in the Didipio gold and copper project located in the Luzon, Philippines; the Macraes goldfield project in the South Island of New Zealand; Waihi gold project in the North Island of New Zealand; and the Haile gold project located in Kershaw, South Carolina, the United States.