OceanaGold (OGC) Gets a Buy Rating from RBC Capital

By Jason Carr

OceanaGold (TSX: OGC), the Materials sector company, has received a rating update from a Wall Street analyst on September 16. On September 16, analyst Dan Rollins gave a Buy rating to OGC and set a C$4.50 price target.

According to TipRanks.com, Rollins has 0 stars on 0-5 star ranking scale with an average return of -15.9% and a 29.4% success rate. Rollins covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Alamos Gold Inc, and IAMGOLD Corp.

Currently, the analyst consensus on OceanaGold is a Moderate Buy with an average price target of C$4.50.

The company has a one-year high of C$4.19 and a one-year low of C$2.92. Currently, OceanaGold has an average volume of 1.29M.

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$3.69.