OceanaGold (OGC), the Materials sector company, was revisited by a Wall Street analyst today. BMO Capital’s analyst Brian Quast reiterates their Hold rating on the shares, with a C$5 price target.
According to TipRanks.com, Quast is a 3-star analyst with an average return of 3.9% and a 39.3% success rate. Quast covers the Basic Materials sector, focusing on stocks such as OceanaGold Corporation, Kirkland Lake Gold Ltd, and TMAC Resources.
Currently, the analyst consensus on OceanaGold is a Moderate Buy with an average price target of C$5.31, a 14.3% upside from current levels. In a report issued on January 14, National Bank also maintained a Hold rating on the stock with a C$5.25 price target.
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The company has a one-year high of C$5.01 and a one-year low of C$2.97. Currently, OceanaGold has an average volume of 1.56M.
OceanaGold Corp. operates as a multinational gold producer with a portfolio of operating, development and exploration assets. The company’s assets are located in the Philippines, New Zealand and the United States. It holds interest in Haile Gold Mine, Didipio, Macraes, Frasers Underground, Reefton, and Waihi projects.
The company’s shares closed on Friday at C$4.65.
