National Bank Maintains Their Hold Rating on OceanaGold (OGC)

By Jason Carr

A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Don DeMarco from National Bank rated OceanaGold (OGCResearch Report) a Hold, setting a C$5 price target.

According to TipRanks.com, DeMarco is a 4-star analyst with an average return of 8.0% and a 65.6% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Detour Gold Corporation, and OceanaGold Corporation.

OceanaGold has an analyst consensus of Moderate Buy, with a price target consensus of C$5.21.

OceanaGold’s market cap is currently C$2.6B and has a P/E ratio of 15.4. The company has a Price to Book ratio of 1.22.

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 and Waihi projects.

The company’s shares closed on Thursday at C$4.16.