OceanaGold (TSE:OGC) Shares Cross Above Two Hundred Day Moving Average of $2.30

Shares of OceanaGold Co. (TSE:OGC – Get Rating) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.30 and traded as high as C$2.93. OceanaGold shares last traded at C$2.90, with a volume of 1,833,826 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, National Bankshares upped their target price on shares of OceanaGold from C$3.25 to C$3.75 and gave the company an “outperform” rating in a report on Friday, January 13th.

OceanaGold Trading Up 4.7 %

The stock’s 50 day moving average price is C$2.57 and its 200-day moving average price is C$2.30. The company has a quick ratio of 0.85, a current ratio of 1.67 and a debt-to-equity ratio of 19.05. The stock has a market capitalization of C$2.04 billion and a PE ratio of 36.25.

OceanaGold (TSE:OGC – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$279.10 million during the quarter. On average, sell-side analysts expect that OceanaGold Co. will post 0.28 earnings per share for the current fiscal year.

About OceanaGold

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OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, and silver deposits. The company operates the Didipio gold-copper mine located in the Nueva Vizcaya and Quirino provinces on the island of Luzon in the Philippines; the Macraes goldfield mine on the South Island of New Zealand and the Waihi gold mine on the North Island of New Zealand; and the Haile gold mine located in South Carolina, the United States.