RBC Capital analyst Wayne Lam maintained a Buy rating on OceanaGold (OCANF – Research Report) on January 9 and set a price target of C$3.25. The company’s shares closed yesterday at $2.11.
Lam covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources, Argonaut Gold, and Equinox Gold. According to TipRanks, Lam has an average return of -5.5% and a 48.28% success rate on recommended stocks.
OceanaGold has an analyst consensus of Strong Buy, with a price target consensus of $2.49.
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The company has a one-year high of $2.70 and a one-year low of $1.31. Currently, OceanaGold has an average volume of 40.93K.
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OceanaGold Corp. is a multinational gold producer with a portfolio of operating, development and exploration assets. The firm operates through Philippines, New Zealand and the United States geographical segments. It holds interest in Haile Gold Mine, Didipio, Macraes and Waihi projects. OceanaGold was founded in 1989 and is headquartered in Melbourne, Australia.