OceanaGold (TSE:OGC) Stock Crosses Above 200-Day Moving Average of $2.64

OceanaGold Corp (TSE:OGC) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.64 and traded as high as $2.92. OceanaGold shares last traded at $2.87, with a volume of 1,961,835 shares traded.

OGC has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating on shares of OceanaGold in a research report on Tuesday, May 19th. Pi Financial cut their price target on shares of OceanaGold from C$5.75 to C$5.50 in a research report on Friday, August 28th. Cormark increased their price target on shares of OceanaGold from C$3.75 to C$4.25 in a research report on Friday, July 17th. Raymond James set a C$5.00 target price on shares of OceanaGold and gave the company a “strong-buy” rating in a research note on Monday, August 10th. Finally, National Bank Financial decreased their target price on shares of OceanaGold from C$5.00 to C$4.75 and set an “outperform” rating for the company in a research note on Sunday, September 6th.

The firm has a fifty day simple moving average of C$3.20 and a 200-day simple moving average of C$2.65. The firm has a market cap of $1.72 billion and a price-to-earnings ratio of -24.42. The company has a debt-to-equity ratio of 21.14, a quick ratio of 0.58 and a current ratio of 1.08.

OceanaGold (TSE:OGC) last announced its quarterly earnings results on Thursday, July 30th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.06) by C($0.01). The business had revenue of C$132.84 million during the quarter. Analysts expect that OceanaGold Corp will post 0.3405934 earnings per share for the current fiscal year.

About OceanaGold (TSE:OGC)

OceanaGold Corporation engages in the exploration, development, and operation of mineral properties. The company operates the Didipio gold-copper mine on Luzon Island in the Philippines; the Macraes goldfield mine on the South Island of New Zealand; the Waihi gold mine on the North Island of New Zealand; and Haile gold mine located in South Carolina, United States of America.

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