OceanaGold Co. (TSE:OGC) Senior Officer Peter John Sharpe Sells 42,850 Shares

OceanaGold Co. (TSE:OGC) Senior Officer Peter John Sharpe sold 42,850 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$2.64, for a total value of C$113,124.00.

OceanaGold Stock Performance

Shares of OGC stock opened at C$4.51 on Thursday. OceanaGold Co. has a 52-week low of C$2.89 and a 52-week high of C$4.80. The stock has a market cap of C$2.24 billion, a price-to-earnings ratio of 36.57 and a beta of 1.62. The firm’s 50-day moving average is C$4.21 and its 200-day moving average is C$4.05.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. CIBC decreased their price target on shares of OceanaGold from C$6.00 to C$5.75 in a research note on Friday, December 13th. BMO Capital Markets decreased their target price on shares of OceanaGold from C$6.25 to C$5.75 in a research report on Thursday, February 20th. National Bank Financial upgraded shares of OceanaGold to a “strong-buy” rating in a research note on Friday, March 21st. Scotiabank increased their price objective on shares of OceanaGold from C$6.00 to C$6.25 in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada lifted their target price on OceanaGold from C$5.50 to C$6.00 in a research report on Friday, December 6th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$5.58.

OceanaGold Company Profile

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.