OceanaGold (TSE:OGC) had its price objective lifted by Royal Bank of Canada from C$4.50 to C$4.75 in a research report report published on Tuesday morning. The firm currently has an outperform rating on the stock.
A number of other equities research analysts have also issued reports on OGC. Desjardins lowered shares of OceanaGold from a buy rating to a hold rating in a report on Tuesday, January 8th. National Bank Financial upped their price objective on shares of OceanaGold from C$4.75 to C$5.25 and gave the company a sector perform rating in a report on Monday, January 14th. Finally, BMO Capital Markets upped their price objective on shares of OceanaGold from C$4.50 to C$5.00 in a report on Friday, January 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. OceanaGold has a consensus rating of Buy and a consensus target price of C$5.00.
Shares of OGC opened at C$4.21 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 1.38 and a debt-to-equity ratio of 11.27. OceanaGold has a 12-month low of C$3.13 and a 12-month high of C$5.01. The stock has a market capitalization of $2.70 billion and a P/E ratio of 22.16.
OceanaGold Corporation, a gold mining company, explores for, develops, and operates mineral properties in the Philippines, New Zealand, and the United States. Its flagship asset is the Didipio gold-copper mine located on the island of Luzon in the Philippines. OceanaGold Corporation was incorporated in 2003 and is headquartered in Melbourne, Australia.
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