OceanaGold (TSE:OGC) Given New C$6.50 Price Target at Raymond James

OceanaGold (TSE:OGC) had its price objective hoisted by Raymond James from C$5.50 to C$6.50 in a research report report published on Friday morning,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on the stock. National Bank Financial raised shares of OceanaGold to a “strong-buy” rating in a report on Friday, March 21st. CIBC cut their price target on OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. Scotiabank raised their price objective on OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. BMO Capital Markets reduced their target price on OceanaGold from C$6.25 to C$5.75 in a research note on Thursday, February 20th. Finally, TD Securities cut shares of OceanaGold from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, OceanaGold has an average rating of “Buy” and an average target price of C$5.75.

OceanaGold Price Performance

TSE:OGC opened at C$4.44 on Friday. The business’s 50-day moving average is C$4.30 and its two-hundred day moving average is C$4.11. The firm has a market capitalization of C$2.21 billion, a PE ratio of 36.01 and a beta of 1.62. OceanaGold has a 12 month low of C$2.89 and a 12 month high of C$4.83.

Insider Activity at OceanaGold

In other OceanaGold news, Senior Officer Liang Tang sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of C$4.38, for a total value of C$219,000.00. Insiders own 0.15% of the company’s stock.

About OceanaGold

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.