Insider Selling at OceanaGold Co. (TSE:OGC)

On March 6th, Peter John Sharpe, a Senior Officer at OceanaGold Co. (TSE:OGC - Get Free Report), sold 42,850 shares of the company's stock. The shares were sold for an average price of C$2.64, resulting in a total transaction value of C$113,124.00.

OceanaGold Stock Performance

During midday trading on Monday, shares of OceanaGold saw an increase of C$0.10, bringing the price to C$4.40. The trading volume for the day was 1,028,471 shares, while the average trading volume stands at 2,175,604 shares. Over the past year, OceanaGold's stock has recorded a low of C$2.80 and a high of C$4.80. Currently, the stock's 50-day simple moving average is C$4.18, and the 200-day simple moving average is C$4.04. OceanaGold has a market capitalization of C$2.19 billion, a price-to-earnings (PE) ratio of 35.68, and a beta of 1.62.

Wall Street Analysts Forecast Growth

The stock has recently been the focus of several research reports. Scotiabank raised its price target on OceanaGold shares from C$6.00 to C$6.25, as announced on January 15th. However, TD Securities downgraded OceanaGold from a "strong-buy" rating to a "hold" rating on February 27th. Additionally, CIBC reduced its price target from C$6.00 to C$5.75, and BMO Capital Markets followed suit by lowering its price objective from C$6.25 to C$5.75 on February 20th. Conversely, Royal Bank of Canada increased its target price from C$5.50 to C$6.00. Currently, one analyst rates the stock as a hold, four recommend buying, and one assigns a strong buy rating. Data from MarketBeat shows an average rating of "Buy" and an average target price of C$5.58.

OceanaGold Company Profile

OceanaGold Corporation is a gold and copper producer engaged in the exploration, development, and operation of mineral properties primarily located in the United States, the Philippines, and New Zealand. The company focuses on discovering gold, copper, and silver deposits. Founded in 2003, OceanaGold is headquartered in Vancouver, Canada.

Should You Invest $1,000 in OceanaGold Right Now?

Before deciding to invest in OceanaGold, it is essential to consider various analysts' opinions. MarketBeat tracks highly-rated research analysts and their stock recommendations. Though OceanaGold has a Buy rating from analysts, there are currently five stocks that top analysts believe present more attractive investment opportunities.

insider, selling, stocks