OceanaGold Co. (TSE:OGC) Director Purchases C$146,380.00 in Stock

OceanaGold Co. (TSE:OGC) Director Ian Macnevin Reid bought 26,000 shares of the firm’s stock in a transaction dated Thursday, May 15th. The shares were acquired at an average price of C$5.63 per share, for a total transaction of C$146,380.00.

OceanaGold Trading Down 1.4%

Shares of TSE OGC opened at C$5.59 on Friday. OceanaGold Co. has a 1-year low of C$2.95 and a 1-year high of C$6.19. The company has a market cap of C$2.78 billion, a PE ratio of 45.33 and a beta of 1.62. The company has a 50-day moving average of C$4.85 and a two-hundred day moving average of C$4.38.

Analysts Set New Price Targets

OGC has been the topic of several recent research reports. Raymond James lifted their target price on shares of OceanaGold from C$5.50 to C$6.50 in a research report on Friday, April 4th. National Bank Financial raised shares of OceanaGold to a “strong-buy” rating in a report on Friday, March 21st. BMO Capital Markets cut their price target on shares of OceanaGold from C$6.25 to C$5.75 in a report on Thursday, February 20th. Finally, TD Securities downgraded shares of OceanaGold from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$5.75.

OceanaGold Company Profile

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.