National Bank Sticks to Their Hold Rating for OceanaGold (OGC)

By Carrie Williams

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$4.75 price target.

According to TipRanks.com, DeMarco is a 4-star analyst with an average return of 10.8% and a 62.5% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Detour Gold Corporation, OceanaGold Corporation, and Kirkland Lake Gold Ltd.

OceanaGold has an analyst consensus of Moderate Buy, with a price target consensus of C$5.30, representing a 25.0% upside. In a report issued on January 25, BMO Capital also maintained a Hold rating on the stock with a C$5 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 Tuesday at C$4.24.