OceanaGold (TSE:OGC) Price Target Raised to C$6.50

OceanaGold (TSE:OGC) had its price objective raised by Raymond James from C$5.50 to C$6.50 in a research report released on Friday morning,BayStreet.CA reports.

A number of other equities analysts have also weighed in on OGC. Scotiabank lifted their price objective on OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. BMO Capital Markets reduced their price target on OceanaGold from C$6.25 to C$5.75 in a research report on Thursday, February 20th. National Bank Financial raised shares of OceanaGold to a “strong-buy” rating in a research note on Friday, March 21st. Royal Bank of Canada increased their price target on shares of OceanaGold from C$5.50 to C$6.00 in a report on Friday, December 6th. Finally, TD Securities downgraded shares of OceanaGold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$5.75.

OceanaGold Trading Down 5.3 %

Shares of TSE:OGC opened at C$4.44 on Friday. OceanaGold has a twelve month low of C$2.89 and a twelve month high of C$4.83. The company’s 50 day moving average is C$4.30 and its 200 day moving average is C$4.12. The company has a market cap of C$2.21 billion, a PE ratio of 36.01 and a beta of 1.62.

Insider Activity

In other news, Senior Officer Liang Tang sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of C$4.38, for a total value of C$219,000.00. Company insiders own 0.15% of the company’s stock.

About OceanaGold

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.