Analysts Set OceanaGold Corp (TSE:OGC) Price Target at C$5.38

OceanaGold Corp (TSE:OGC) has been given an average recommendation of “Buy” by the seven analysts that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$5.25.

A number of research firms have commented on OGC. National Bank Financial reduced their price objective on shares of OceanaGold from C$5.50 to C$4.75 and set an “outperform” rating on the stock in a research note on Wednesday. Pi Financial increased their price objective on shares of OceanaGold from C$5.50 to C$6.00 in a research note on Wednesday, July 24th. Finally, Raymond James reiterated an “outperform” rating and set a C$5.50 price objective on shares of OceanaGold in a research note on Tuesday, June 4th.

TSE OGC traded down C$0.17 during trading hours on Friday, reaching C$3.26. 1,977,620 shares of the company traded hands, compared to its average volume of 1,628,334. OceanaGold has a 12 month low of C$3.24 and a 12 month high of C$5.01. The company has a current ratio of 1.21, a quick ratio of 0.54 and a debt-to-equity ratio of 12.21. The stock has a market capitalization of $2.12 billion and a PE ratio of 36.22. The company has a 50 day moving average of C$3.63 and a two-hundred day moving average of C$3.93.

OceanaGold Company Profile

OceanaGold Corporation engages in the exploration, development, and operation of mineral properties. The company operates the Didipio gold-copper mine on Luzon Island in the Philippines; the Macraes goldfield mine on the South Island of New Zealand; the Waihi gold mine on the North Island of New Zealand; and Haile gold mine located in South Carolina, United States of America.

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Analyst Recommendations for OceanaGold (TSE:OGC)

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