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 247,168 shares traded hands. OceanaGold Corporation (TSE:OGC) has declined 0.51% since April 25, 2016 and is downtrending. It has underperformed by 5.77% the S&P500.
The move comes after 8 months negative chart setup for the $2.43 billion company. It was reported on Nov, 29 by Barchart.com. We have $3.65 PT which if reached, will make TSE:OGC worth $97.20M 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 23.42% above today’s ($3.8) stock price. Oceanagold Corporation has been the topic of 27 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Raymond James initiated the stock with “Outperform” rating in Monday, October 5 report. The rating was reinitiated by National Bank Canada with “Outperform” on Monday, October 5. The rating was maintained by Scotia Capital with “Outperform” on Friday, October 28. The stock of OceanaGold Corporation (TSE:OGC) earned “Outperform” rating by RBC Capital Markets on Friday, November 27. The rating was downgraded by National Bank Canada on Friday, February 19 to “Sector Perform”. Scotia Capital maintained it with “Sector Perform” rating and $3 target price in Tuesday, September 1 report. The firm earned “Hold” rating on Friday, February 19 by Haywood Securities. On Friday, October 28 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was upgraded by Scotia Capital to “Outperform” on Wednesday, September 21. RBC Capital Markets upgraded the shares of OGC in a report on Monday, October 17 to “Overweight” rating.

More notable recent OceanaGold Corporation (TSE:OGC) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on October 06, 2011, also Marketwired.com with their article: “NuLegacy Gold Closes $6.67 Million Strategic Investment by OceanaGold Corporation” published on April 13, 2016, Marketwired.com published: “NuLegacy Gold Announces $6.67 Million Strategic Investment by OceanaGold …” on April 07, 2016. More interesting news about OceanaGold Corporation (TSE:OGC) were released by: Fool.com.Au and their article: “Here’s why OceanaGold Corporation shares have gone nuts this week” published on October 19, 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 $2.43 billion. The Firm is engaged in the production of gold. It has a 15.09 P/E ratio. The Firm operates through three divisions: New Zealand, the Philippines and the USA.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment