OceanaGold (TSE:OGC) Shares Pass Below Two Hundred Day Moving Average of $3.75

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OceanaGold Corp (TSE:OGC)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.75 and traded as low as $3.29. OceanaGold shares last traded at $3.42, with a volume of 911,353 shares.

A number of analysts have weighed in on the stock. BMO Capital Markets raised shares of OceanaGold from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 11th. National Bank Financial increased their target price on shares of OceanaGold from C$4.75 to C$5.25 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Pi Financial dropped their target price on shares of OceanaGold from C$6.00 to C$5.70 in a report on Wednesday, August 21st. Finally, Raymond James reissued an “outperform” rating and set a C$5.50 target price on shares of OceanaGold in a report on Tuesday, June 4th. Seven equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of C$5.28.

The company has a debt-to-equity ratio of 12.21, a current ratio of 1.21 and a quick ratio of 0.54. The stock’s fifty day simple moving average is C$3.37 and its two-hundred day simple moving average is C$3.75. The company has a market capitalization of $2.05 billion and a price-to-earnings ratio of 38.56.

OceanaGold (TSE:OGC) last released its quarterly earnings data on Thursday, July 25th. The company reported C$0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.03 by C$0.01. The firm had revenue of C$248.81 million during the quarter. On average, sell-side analysts predict that OceanaGold Corp will post 0.22 EPS for the current 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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