A Reversal for OceanaGold Corporation Is Not Near. The Stock Rises Again

 A Reversal for OceanaGold Corporation Is Not Near. The Stock Rises Again

The stock of OceanaGold Corporation (TSE:OGC) is a huge mover today! About 621,826 shares traded hands. OceanaGold Corporation (TSE:OGC) has declined 6.31% since March 10, 2016 and is downtrending. It has underperformed by 11.93% the S&P500.
The move comes after 7 months positive chart setup for the $2.23B company. It was reported on Oct, 17 by Barchart.com. We have $6.27 PT which if reached, will make TSE:OGC worth $1.52B more.

OceanaGold Corporation (TSE:OGC) Ratings Coverage

Out of 7 analysts covering Oceanagold Corporation (TSE:OGC), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. $6.50 is the highest target while $2 is the lowest. The $4.44 average target is 19.03% above today’s ($3.73) stock price. Oceanagold Corporation has been the topic of 23 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Friday, February 19 by National Bank Canada. As per Friday, November 27, the company rating was maintained by RBC Capital Markets. The company was maintained on Tuesday, September 1 by Scotia Capital. The firm earned “Underperform” rating on Tuesday, September 1 by BMO Capital Markets. The company was downgraded on Friday, February 19 by Haywood Securities. The stock has “Sector Perform” rating given by Scotia Capital on Friday, July 29. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, July 8. Scotia Capital upgraded the stock to “Outperform” rating in Wednesday, September 21 report. The stock has “Outperform” rating given by Raymond James on Monday, October 5. The firm earned “Outperform” rating on Monday, October 5 by National Bank Canada.

More notable recent OceanaGold Corporation (TSE:OGC) news were published by: Marketwired.com which released: “NuLegacy Gold Closes $6.67 Million Strategic Investment by OceanaGold Corporation” on April 13, 2016, also Marketwired.com with their article: “NuLegacy Gold Announces $6.67 Million Strategic Investment by OceanaGold …” published on April 07, 2016, Fool.com.Au published: “Here’s why gold miner OceanaGold Corporation plunged 19% this week” on September 28, 2016. More interesting news about OceanaGold Corporation (TSE:OGC) were released by: Fool.ca and their article: “OceanaGold Corporation Dominates Wall Street Expectations” published on May 02, 2016 as well as Livetradingnews.com‘s news article titled: “OceanaGold Corporation (ASX:OGC) Heffx Trading Outlook” with publication date: October 03, 2016.

OceanaGold Corporation is an Australia gold mining and exploration company. The company has a market cap of $2.23 billion. The Firm is engaged in the production of gold. It has a 17.66 P/E ratio. The Firm operates through three divisions: New Zealand, the Philippines and the USA.

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