BMO Capital Markets Lowers OceanaGold (TSE:OGC) Price Target to C$5.75

OceanaGold (TSE:OGC) had its target price reduced by research analysts at BMO Capital Markets from C$6.25 to C$5.75 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 37.56% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. TD Securities upgraded shares of OceanaGold to a “strong-buy” rating in a research report on Tuesday, February 4th. Scotiabank upped their target price on shares of OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. Royal Bank of Canada upped their target price on shares of OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. CIBC cut their target price on shares of OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. Finally, National Bankshares cut their target price on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, OceanaGold has an average rating of “Buy” and an average target price of C$5.33.

OceanaGold Trading Down 4.8 %

OGC stock traded down C$0.21 during trading on Thursday, reaching C$4.18. 3,530,310 shares of the stock were exchanged, compared to its average volume of 1,326,324. The business has a 50 day moving average price of C$4.18 and a 200-day moving average price of C$3.95. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$4.80. The firm has a market capitalization of C$2.08 billion, a price-to-earnings ratio of 33.90 and a beta of 1.62.

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.