OceanaGold Co. (OGC) Given Average Rating of “Buy” by Brokerages

OceanaGold Co. (TSE:OGC) has been given an average rating of “Buy” by the seven research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$5.32.

A number of research analysts recently issued reports on the stock. Scotiabank dropped their price objective on shares of OceanaGold to C$5.00 and set an “outperform” rating for the company in a report on Thursday, November 9th. Desjardins reiterated a “buy” rating and issued a C$5.75 price objective on shares of OceanaGold in a report on Friday, September 29th. Finally, National Bank Financial increased their target price on shares of OceanaGold from C$5.00 to C$5.75 and gave the company an “outperform” rating in a research report on Wednesday, October 18th.

Shares of OceanaGold (TSE OGC) traded down C$0.04 during midday trading on Monday, reaching C$3.44. 358,166 shares of the company were exchanged, compared to its average volume of 2,062,370. OceanaGold has a 1-year low of C$3.24 and a 1-year high of C$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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