In a report released on July 8, Harrison Reynolds from RBC Capital maintained a Buy rating on OceanaGold, with a price target of C$70.00. The company’s shares closed yesterday at C$34.29.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Reynolds covers the Basic Materials sector, focusing on stocks such as OceanaGold, Artemis Gold, and K92 Mining. According to TipRanks, Reynolds has an average return of 8.4% and a 44.19% success rate on recommended stocks.
Currently, the analyst consensus on OceanaGold is a Strong Buy with an average price target of C$63.49, implying an 85.15% upside from current levels. In a report released on July 5, Jefferies also maintained a Buy rating on the stock with a C$57.00 price target.
OGC market cap is currently C$7.67B and has a P/E ratio of 9.07.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OGC in relation to earlier this year.
