OceanaGold Corporation’s Trend Down, Especially After Today’s Weak Session

 OceanaGold Corporation's Trend Down, Especially After Today's Weak Session

The stock of OceanaGold Corporation (TSE:OGC) is a huge mover today! About 1.07M shares traded hands. OceanaGold Corporation (TSE:OGC) has risen 12.40% since March 30, 2016 and is uptrending. It has outperformed by 11.18% the S&P500.
The move comes after 5 months negative chart setup for the $2.45B company. It was reported on Nov, 3 by Barchart.com. We have $3.73 PT which if reached, will make TSE:OGC worth $171.50M less.

OceanaGold Corporation (TSE:OGC) Ratings Coverage

Out of 8 analysts covering Oceanagold Corporation (TSE:OGC), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. $6.50 is the highest target while $2 is the lowest. The $4.69 average target is 16.96% above today’s ($4.01) stock price. Oceanagold Corporation has been the topic of 27 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Scotia Capital maintained OceanaGold Corporation (TSE:OGC) rating on Tuesday, September 1. Scotia Capital has “Sector Perform” rating and $3 price target. The firm has “Hold” rating by Haywood Securities given on Friday, February 19. The rating was upgraded by Scotia Capital to “Outperform” on Wednesday, September 21. As per Friday, February 19, the company rating was downgraded by National Bank Canada. The company was upgraded on Monday, October 17 by RBC Capital Markets. RBC Capital Markets maintained OceanaGold Corporation (TSE:OGC) on Friday, October 28 with “Outperform” rating. The firm has “Outperform” rating by Scotia Capital given on Friday, October 28. The stock of OceanaGold Corporation (TSE:OGC) has “Sector Perform” rating given on Wednesday, June 8 by Scotia Capital. The stock of OceanaGold Corporation (TSE:OGC) earned “Underperform” rating by BMO Capital Markets on Tuesday, September 1. Barclays Capital initiated OceanaGold Corporation (TSE:OGC) rating on Friday, July 8. Barclays Capital has “Equal-Weight” rating and $6 price target.

More notable recent OceanaGold Corporation (TSE:OGC) news were published by: Marketwired.com which released: “NuLegacy Gold Announces $6.67 Million Strategic Investment by OceanaGold …” on April 07, 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: 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 $2.45 billion. The Firm is engaged in the production of gold. It has a 15.86 P/E ratio. The Firm operates through three divisions: New Zealand, the Philippines and the USA.

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