OceanaGold (OGC) Received its Third Buy in a Row

OceanaGold (OGCResearch Report) seems to be keeping analysts happy lately, as after Barclays and CIBC rated the stock a Buy this past month, there is another positive note, this time from National Bank. OceanaGold (TSX: OGC), the Materials sector company has received a rating update from a Wall Street analyst today.

According to TipRanks.com, Parkin has 0 stars on 0-5 star ranking scale with an average return of -7.6% and a 32.9% success rate. Parkin covers the Basic Materials sector, focusing on stocks such as Detour Gold Corporation, OceanaGold Corporation, and Eldorado Gold Corp.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for OceanaGold with a C$5.06 average price target.

The company has a one-year high of C$5.01 and a one-year low of C$3.27. Currently, OceanaGold has an average volume of 1.97M.

OceanaGold Corp. operates as a multinational gold producer with a portfolio of operating, development and exploration assets. The company’s assets are located in the Philippines, New Zealand and the United States. It holds interest in Haile Gold Mine, Didipio, Macraes and Waihi projects.

The company’s shares closed last Wednesday at C$3.47, close to its 52-week low of C$3.27.