Oceanagold Corporation (TSE:OGC) Rating Reaffirmed
Oceanagold Corporation (TSE:OGC) just had their share rating of a ‘”Outperform”‘ issued by research analysts at RBC Capital Markets, who now has a $2.90 TP on the $1.51 billion market cap company or a 17.41% upside potential. This key information was revealed in a recent research report on 27 November.
From a total of 4 analysts covering Oceanagold Corporation (TSE:OGC) stock, 3 rate it a ”Buy”, 1 a “Sell”, and 0 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is $3.50 while the lowest target price is $2. The mean of all analyst targets is $2.83 with a 13.20% above today’s ($2.5) stock price. Oceanagold Corporation was the topic of 12 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 27 with “Outperform” rating. Raymond James initiated OGC stock in a recent report from October 5 with “Outperform” rating.
The stock closed the day at $2.5 during the previous session. It is down 8.23% since April 27, 2015 and is uptrending. It has outperformed by 9.12% 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 $1.51 billion. The Firm operates in two divisions: New Zealand and the Philippines. It has 8.46 P/E ratio. The Firm operates approximately two open cut mines and an underground mine in New Zealand.