OceanaGold Corp (ASX:OGC) Rating Reaffirmed
EU: In an analyst note sent to clients and investors on Friday, 27 November, RBC Capital Markets reaffirmed their “Outperform” rating on OceanaGold Corp (ASX:OGC) shares. They now have a $3.00 Estimated Target Price on the company. RBC Capital Markets’s target provides a potential upside of 16.73% from the company’s current stock price.
The stock increased 1.58% or $0.04 on November 27, striking $2.57. Approximately 140,318 shares of stock traded hands. OceanaGold Corporation (ASX:OGC) has risen 3.63% since May 1, 2015 and is uptrending. It has outperformed by 4.52% the S&P500.
OceanaGold Corporation is a gold producer with assets located in New Zealand, the Philippines and the United States. The company has a market cap of $1.54 billion. The Firm operates in two divisions: New Zealand and the Philippines. It has 8.38 P/E ratio. The Firm operates approximately two open cut mines and an underground mine in New Zealand.