Scotiabank set a C$5.00 price target on OceanaGold Co. (TSE:OGC) in a research note released on Friday. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the company. Raymond James Financial, Inc. reiterated an outperform rating and set a C$5.60 price objective on shares of OceanaGold in a research report on Tuesday, June 27th. BMO Capital Markets reiterated a market perform rating and set a C$4.50 price objective on shares of OceanaGold in a research report on Tuesday, June 27th. Finally, Royal Bank Of Canada reiterated an outperform rating on shares of OceanaGold in a research report on Tuesday, June 27th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of C$5.03.

OceanaGold (OGC) opened at 3.41 on Friday. The company has a market cap of $2.10 billion and a P/E ratio of 15.50. The stock’s 50 day moving average price is $3.85 and its 200 day moving average price is $4.15. OceanaGold has a 1-year low of $3.24 and a 1-year high of $5.11.

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In other OceanaGold news, Director Diane Renee Garrett sold 27,836 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of C$4.57, for a total transaction of C$127,210.52. Insiders have sold 231,636 shares of company stock valued at $388,151 in the last three months.

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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