OceanaGold (TSE:OGC) Upgraded to Buy at TD Securities

TD Securities upgraded shares of OceanaGold (TSE:OGC) from a hold rating to a buy rating in a report issued on Monday,BayStreet.CA reports. They currently have C$30.00 price target on the stock, up from their previous price target of C$22.00.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada lifted their price target on shares of OceanaGold from C$25.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Raymond James Financial raised shares of OceanaGold to a “moderate buy” rating in a report on Monday, June 30th. Finally, Scotiabank boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$21.93.

OceanaGold Trading Up 2.5%

TSE:OGC opened at C$27.32 on Monday. The stock has a market capitalization of C$6.31 billion, a PE ratio of 17.29 and a beta of 0.99. The firm’s 50 day moving average is C$21.47 and its 200 day moving average is C$17.69. OceanaGold has a 12 month low of C$10.11 and a 12 month high of C$27.69.

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.