OceanaGold’s (OGC) Outperform Rating Reaffirmed at Scotiabank

OceanaGold Co. (TSE:OGC)‘s stock had its “outperform” rating reiterated by Scotiabank in a research note issued to investors on Wednesday. They presently have a C$5.00 price target on the stock. Scotiabank’s target price suggests a potential upside of 27.23% from the stock’s current price.

A number of other brokerages have also recently commented on OGC. Royal Bank Of Canada reissued an “outperform” rating on shares of OceanaGold in a report on Tuesday, June 27th. BMO Capital Markets restated a “market perform” rating and issued a C$4.50 target price on shares of OceanaGold in a research report on Tuesday, June 27th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a C$5.60 price target on shares of OceanaGold in a research note on Tuesday, June 27th. National Bank Financial reaffirmed an “outperform” rating and issued a C$5.00 price target on shares of OceanaGold in a research note on Saturday, September 23rd. Finally, Desjardins reiterated a “buy” rating and set a C$5.75 price target on shares of OceanaGold in a research report on Friday, September 29th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$5.17.

Shares of OceanaGold (TSE:OGC) traded up 3.42% during midday trading on Wednesday, reaching $3.93. 1,431,600 shares of the company traded hands. The stock has a 50 day moving average price of $3.79 and a 200 day moving average price of $4.02. The firm has a market capitalization of $2.42 billion and a PE ratio of 17.86. OceanaGold has a 1-year low of $3.24 and a 1-year high of $5.00.

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OceanaGold Company Profile

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.

Analyst Recommendations for OceanaGold (TSE:OGC)

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