OceanaGold Co. (TSE:OGC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.07 and traded as high as C$2.37. OceanaGold shares last traded at C$2.31, with a volume of 1,640,579 shares changing hands.
Several research firms have recently weighed in on OGC. CIBC upped their price objective on OceanaGold from C$2.65 to C$2.85 in a research report on Monday, February 8th. Raymond James reaffirmed an “outperform” rating and set a C$3.50 price target on shares of OceanaGold in a research note on Thursday, February 18th.
The stock has a market cap of C$1.63 billion and a price-to-earnings ratio of -7.67. The company has a debt-to-equity ratio of 20.00, a quick ratio of 0.70 and a current ratio of 1.15. The company has a 50-day simple moving average of C$1.98 and a two-hundred day simple moving average of C$2.07.
OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, silver, and other minerals. The company operates the Didipio gold-copper mine located in the Nueva Vizcaya and Quirino provinces on the island of Luzon 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 the Haile gold mine located in South Carolina, the United States.
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