In a new note to investors today, an analyst has provided a rating update for OceanaGold (OGC). Analyst Don DeMarco from National Bank reiterated a Hold rating, with a C$5.25 price target.
According to TipRanks.com, DeMarco is a 3-star analyst with an average return of 5.8% and a 63.3% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, OceanaGold Corporation, and SilverCrest Metals Inc.
Currently, the analyst consensus on OceanaGold is a Hold with an average price target of C$5.05, representing an 8.3% upside. In a report issued on January 7, Desjardins also downgraded the stock to Hold with a C$5.25 price target.
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OceanaGold’s market cap is currently C$2.87B and has a P/E ratio of 11.2. The company has a Price to Book ratio of 1.41.
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 Monday at C$4.67.
