OceanaGold Co. (OGC) Receives “Outperform” Rating from Scotiabank
OceanaGold Co. (TSE:OGC)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Scotiabank in a research report issued on Friday. They currently have a C$6.50 target price on the stock. Scotiabank’s target price would suggest a potential upside of 58.92% from the company’s current price.
OGC has been the topic of a number of other research reports. Barclays PLC raised shares of OceanaGold from an “equal weight” rating to an “outperform” rating in a research report on Monday, October 17th. Royal Bank Of Canada raised shares of OceanaGold from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 17th. BMO Capital Markets reissued a “market perform” rating and set a C$6.00 target price on shares of OceanaGold in a research report on Wednesday, September 7th. Finally, National Bank Financial raised their target price on shares of OceanaGold from C$6.00 to C$6.50 in a research report on Wednesday, July 13th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$5.13.
OceanaGold (TSE:OGC) traded up 0.74% on Friday, hitting $4.09. 1,887,402 shares of the stock traded hands. OceanaGold has a 12 month low of $2.25 and a 12 month high of $5.56. The firm has a 50-day moving average price of $4.17 and a 200-day moving average price of $4.41. The company has a market capitalization of $2.50 billion and a PE ratio of 24.20.
OceanaGold Company Profile
OceanaGold Corporation is an Australia-based gold mining and exploration company. The Company is engaged in the production of gold. The Company operates through three segments: New Zealand, the Philippines and the USA. Its asset portfolio consists of the Macraes Operations (Macraes), which include the operating Macraes open pit gold mines and Frasers underground gold mine; the Didipio Operations (Didipio), which includes an open pit that commenced commercial production, and an underground mine; the Waihi Gold Mine Operation (Waihi), which includes the Martha open pit and Correnso underground gold mine, and the Haile Gold Mine Project (Haile).
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