Will OceanaGold Corporation Short Squeeze Soon?


The stock of OceanaGold Corporation (TSE:OGC) is a huge mover today! About 788,618 shares traded hands. OceanaGold Corporation (TSE:OGC) has risen 43.28% since February 5, 2016 and is uptrending. It has outperformed by 26.80% the S&P500.
The move comes after 9 months negative chart setup for the $2.81 billion company. It was reported on Sep, 13 by Barchart.com. We have $4.16 PT which if reached, will make TSE:OGC worth $196.70 million less.

Out of 7 analysts covering Oceanagold Corporation (TSE:OGC), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. Oceanagold Corporation has been the topic of 18 analyst reports since October 2, 2015 according to StockzIntelligence Inc.

OceanaGold Corporation is an Australia gold mining and exploration company. The company has a market cap of $2.81 billion. The Firm is engaged in the production of gold. It has a 21.3 P/E ratio. The Firm operates through three divisions: New Zealand, the Philippines and the USA.

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