OceanaGold Corporation Can’t Be More Risky. Trades Sigfnicicantly Lower

 OceanaGold Corporation Can't Be More Risky. Trades Sigfnicicantly Lower

The stock of OceanaGold Corporation (TSE:OGC) is a huge mover today! About 1.24M shares traded hands. OceanaGold Corporation (TSE:OGC) has risen 16.23% since March 14, 2016 and is uptrending. It has outperformed by 10.69% the S&P500.
The move comes after 9 months negative chart setup for the $2.65B company. It was reported on Oct, 19 by Barchart.com. We have $3.72 PT which if reached, will make TSE:OGC worth $238.50M less.

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. Oceanagold Corporation has been the topic of 24 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Barclays Capital initiated it with “Equal-Weight” rating and $6 target price in Friday, July 8 report. Scotia Capital maintained the shares of OGC in a report on Wednesday, June 8 with “Sector Perform” rating. The firm earned “Hold” rating on Friday, February 19 by Haywood Securities. The stock has “Outperform” rating given by Raymond James on Monday, October 5. On Friday, July 29 the stock rating was maintained by Scotia Capital with “Sector Perform”. RBC Capital Markets upgraded the shares of OGC in a report on Monday, October 17 to “Overweight” rating. The stock of OceanaGold Corporation (TSE:OGC) earned “Sector Perform” rating by Scotia Capital on Tuesday, September 1. On Friday, November 27 the stock rating was maintained by RBC Capital Markets with “Outperform”. On Friday, February 19 the stock rating was downgraded by National Bank Canada to “Sector Perform”. The stock has “Outperform” rating given by Scotia Capital on Wednesday, September 21.

More notable recent OceanaGold Corporation (TSE:OGC) news were published by: Fool.com.Au which released: “Here’s why OceanaGold Corporation shares have gone nuts this week” on October 19, 2016, also Marketwired.com with their article: “NuLegacy Gold Closes $6.67 Million Strategic Investment by OceanaGold Corporation” published on April 13, 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: Marketwired.com and their article: “NuLegacy Gold Announces $6.67 Million Strategic Investment by OceanaGold …” published on April 07, 2016 as well as Fool.ca‘s news article titled: “OceanaGold Corporation Dominates Wall Street Expectations” with publication date: May 02, 2016.

OceanaGold Corporation is an Australia gold mining and exploration company. The company has a market cap of $2.65 billion. The Firm is engaged in the production of gold. It has a 19.38 P/E ratio. The Firm operates through three divisions: New Zealand, the Philippines and the USA.

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