OceanaGold Co. (OGC) Stock Rating Reaffirmed by Scotiabank

OceanaGold Co. (TSE:OGC)‘s stock had its “outperform” rating reaffirmed by Scotiabank in a research note issued to investors on Wednesday. They presently have a C$6.50 price objective on the stock. Scotiabank’s target price suggests a potential upside of 79.06% from the stock’s current price.

Other research analysts have also issued research reports about the company. National Bank Financial raised their price objective on OceanaGold from C$6.00 to C$6.50 in a research report on Wednesday, July 13th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$6.00 price objective on shares of OceanaGold in a research report on Wednesday, September 7th. Barclays PLC began coverage on OceanaGold in a research report on Friday, July 8th. They set an “equal weight” rating and a C$6.00 price objective for the company. Finally, Raymond James Financial Inc. raised their price objective on OceanaGold from C$5.20 to C$6.00 in a research report on Monday, June 27th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. OceanaGold currently has an average rating of “Hold” and a consensus price target of C$5.13.

Shares of OceanaGold (TSE:OGC) opened at 3.63 on Wednesday. The company has a market cap of $2.22 billion and a P/E ratio of 21.48. The company’s 50-day moving average price is $4.40 and its 200 day moving average price is $4.38. OceanaGold has a one year low of $2.25 and a one year high of $5.56.

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).

Receive News & Ratings for OceanaGold Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanaGold Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.