OceanaGold (OGC) Shares Up 7.2%

OceanaGold Co. (TSE:OGC) shares shot up 7.2% during mid-day trading on Thursday . The company traded as high as C$3.28 and last traded at C$3.28. 1,084,805 shares traded hands during trading, a decline of 33% from the average session volume of 1,623,004 shares. The stock had previously closed at C$3.06.

A number of brokerages recently issued reports on OGC. National Bank Financial boosted their price objective on shares of OceanaGold from C$5.00 to C$5.75 and gave the company an “outperform” rating in a report on Wednesday, October 18th. Scotiabank decreased their price objective on shares of OceanaGold to C$5.00 and set an “outperform” rating for the company in a report on Thursday, November 9th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. OceanaGold has a consensus rating of “Buy” and a consensus price target of C$5.32.

The stock has a market cap of $1,880.00, a price-to-earnings ratio of 12.16 and a beta of -0.14.

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About OceanaGold

OceanaGold Corporation is a gold mining company. The Company is engaged in the exploration, development and operation of gold and other mineral mining activities. The Company’s segments are New Zealand, the Philippines, the United States and All other segments. The Company’s assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines.

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