OceanaGold (TSE:OGC) Stock Crosses Below 200 Day Moving Average of $3.09

OceanaGold Corp (TSE:OGC) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.09 and traded as low as $2.43. OceanaGold shares last traded at $2.45, with a volume of 608,720 shares changing hands.

Several analysts recently issued reports on OGC shares. Royal Bank of Canada restated an “outperform” rating on shares of OceanaGold in a research note on Monday, November 4th. National Bank Financial reduced their price target on OceanaGold from C$5.00 to C$4.50 and set an “outperform” rating for the company in a research note on Monday, November 18th. BMO Capital Markets reduced their price target on OceanaGold from C$3.75 to C$3.50 in a research note on Wednesday, December 18th. Finally, Raymond James set a C$4.50 target price on OceanaGold and gave the company a “strong-buy” rating in a research report on Wednesday, November 27th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. OceanaGold currently has a consensus rating of “Buy” and an average target price of C$4.74.

The business has a 50-day moving average price of C$2.44 and a two-hundred day moving average price of C$3.07. The stock has a market capitalization of $1.50 billion and a P/E ratio of 120.00. The company has a current ratio of 1.06, a quick ratio of 0.32 and a debt-to-equity ratio of 12.73.

OceanaGold (TSE:OGC) last released its earnings results on Thursday, October 31st. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.01 by C($0.02). The firm had revenue of C$176.38 million during the quarter. On average, sell-side analysts forecast that OceanaGold Corp will post 0.17 earnings per share for the current fiscal year.

OceanaGold Company Profile (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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