Insider Selling: OceanaGold Co. (TSE:OGC) Senior Officer Sells 42,850 Shares of Stock

OceanaGold Co. (TSE:OGC) Senior Officer Peter John Sharpe sold 42,850 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$2.64, for a total value of C$113,124.00.

OceanaGold Stock Performance

Shares of TSE OGC traded up C$0.10 during midday trading on Monday, reaching C$4.40. 1,028,471 shares of the company traded hands, compared to its average volume of 2,175,604. OceanaGold Co. has a 12 month low of C$2.80 and a 12 month high of C$4.80. The stock’s 50-day simple moving average is C$4.18 and its 200-day simple moving average is C$4.04. The firm has a market cap of C$2.19 billion, a PE ratio of 35.68 and a beta of 1.62.

Wall Street Analysts Forecast Growth

OGC has been the subject of a number of research reports. Scotiabank increased their price target on shares of OceanaGold from C$6.00 to C$6.25 in a report on Wednesday, January 15th. TD Securities downgraded OceanaGold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 27th. CIBC cut their price target on OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. BMO Capital Markets decreased their price objective on OceanaGold from C$6.25 to C$5.75 in a report on Thursday, February 20th. Finally, Royal Bank of Canada upped their target price on OceanaGold from C$5.50 to C$6.00 in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$5.58.

OceanaGold Company Profile

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.