BMO Capital Markets Has Lowered Expectations for OceanaGold (TSE:OGC) Stock Price

OceanaGold (TSE:OGC) had its price objective decreased by analysts at BMO Capital Markets from C$6.25 to C$5.75 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 43.75% from the company’s previous close.

A number of other equities research analysts also recently weighed in on OGC. TD Securities raised OceanaGold to a “strong-buy” rating in a report on Tuesday, February 4th. CIBC cut their price objective on shares of OceanaGold from C$6.00 to C$5.75 in a report on Friday, December 13th. Royal Bank of Canada increased their target price on shares of OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. Scotiabank lifted their price target on shares of OceanaGold from C$6.00 to C$6.25 in a research report on Wednesday, January 15th. Finally, National Bankshares reduced their price target on OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, OceanaGold currently has a consensus rating of “Buy” and a consensus target price of C$5.33.

OceanaGold Trading Down 3.4 %

Shares of TSE OGC opened at C$4.00 on Thursday. The business’s 50 day moving average is C$4.18 and its 200-day moving average is C$3.96. The firm has a market cap of C$1.99 billion, a P/E ratio of 32.44 and a beta of 1.62. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$4.80.

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.