Analysts Set OceanaGold Co. (OGC) PT at $5.78

Shares of OceanaGold Co. (TSE:OGC) have received an average rating of “Buy” from the eight ratings firms that are covering the firm. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$5.78.

OGC has been the subject of several research reports. Scotiabank reaffirmed an “outperform” rating and issued a C$5.00 target price on shares of OceanaGold in a research note on Friday, March 31st. CIBC reaffirmed an “outperform” rating on shares of OceanaGold in a research note on Tuesday, March 7th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a C$5.60 target price on shares of OceanaGold in a research note on Tuesday, March 7th.

In other news, Director William Harry Myckatyn sold 33,334 shares of the stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of C$3.79, for a total transaction of C$126,335.86. Also, insider Darren Ervin Charles Klinck sold 30,000 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of C$4.06, for a total value of C$121,800.00. In the last three months, insiders have sold 79,350 shares of company stock valued at $248,136.

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OceanaGold (TSE:OGC) traded down 1.13% on Monday, hitting $4.36. 1,483,460 shares of the stock were exchanged. OceanaGold has a one year low of $3.24 and a one year high of $5.56. The company has a 50 day moving average of $4.12 and a 200 day moving average of $4.01. The stock has a market capitalization of $2.66 billion and a P/E ratio of 19.82.

About OceanaGold

OceanaGold Corporation is a gold mining company. The Company is engaged in the exploration, development and operation of gold and other mineral mining activities. The Company’s segments are New Zealand, the Philippines, the United States and All other segments. The Company’s assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines.

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