OceanaGold Co. (TSE:OGC) Receives Average Recommendation of “Buy” from Analysts

OceanaGold Co. (TSE:OGC) has been assigned a consensus rating of “Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$19.06.

OGC has been the subject of a number of research analyst reports. Raymond James Financial raised shares of OceanaGold to a “moderate buy” rating in a report on Monday, June 30th. National Bank Financial upgraded shares of OceanaGold to a “strong-buy” rating in a report on Friday, March 21st. Royal Bank Of Canada lifted their price target on shares of OceanaGold from C$21.00 to C$24.00 in a report on Tuesday, June 3rd. Finally, Scotiabank lifted their price target on shares of OceanaGold from C$6.50 to C$20.50 and gave the company an “outperform” rating in a report on Tuesday, June 24th.

OceanaGold Stock Down 0.4%

Shares of TSE:OGC opened at C$19.20 on Wednesday. The firm’s 50 day moving average price is C$18.82 and its 200-day moving average price is C$15.13. OceanaGold has a twelve month low of C$8.94 and a twelve month high of C$21.21. The stock has a market capitalization of C$9.54 billion, a PE ratio of 155.70 and a beta of 1.62.

Insider Transactions at OceanaGold

In other OceanaGold news, Director Ian Macnevin Reid purchased 8,666 shares of OceanaGold stock in a transaction dated Thursday, May 15th. The stock was acquired at an average price of C$16.89 per share, for a total transaction of C$146,368.74. 0.15% of the stock is currently owned by company insiders.

About OceanaGold

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.