Oceanagold Corp (OGC-T)
TSE:OGC
4.51
0.04
(0.88%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Oceanagold Corp (OGC-T) has garnered positive attention from several market experts who believe in its potential for growth over the next couple of years. One analyst emphasizes that despite not currently owning shares, the company is likely to perform well, with mid-cap firms like Oceanagold poised for success or takeover as they gain traction in the market. Another review highlights the recent price surge of the stock, suggesting that while a pause or consolidation phase may occur, this could set the stage for a breakout in the near future. Furthermore, the company is praised for operating in stable countries such as Australia and Canada, which contributes to its reliability. With a strong balance sheet and trading at book value, the stock appears attractive for potential acquisition by larger producers. The yield of 0.7% and analyst price target of $5.82 further demonstrate the stock's appeal.
Chart's seeing a pause, because it ran up so fast. And that's OK. Markets pull back in 2 ways: either by going down, or by consolidating. There's a really good case for owning gold. This one could consolidate for another 1-2 months or so, and then break out. If he owned it, he'd hold.
Likes gold companies operating in stable countries. Australia, Canada, Philippines. Really, really strong balance sheet. Trading at book value. Attractive as a potential takeover by a senior producer due to its low valuation and great balance sheet. Yield is 0.7%.
(Analysts’ price target is $5.82)Mostly Asian, Pacific-based, but now moving into North America in the Carolinas. Doing a lot more deals in Nevada and Argentina.
A mid-cap gold company. They are having trouble with their Didipio mine. The Philippine government has put a kind of moratorium on production as they review the environmental impact. This makes it a tough place to invest. If they lose their license, it represents 30%-40%. The political risk would scare him away.
Based in Australasia and were picking up a lot of assets. For some investors, this might be overexposed to the Philippines right now. They have the Hale deposit in South Carolina they are building on, and are now taking more of a focus in the Americas. They’ve been quite active in regards to placements. He sees this being quite active in the junior mining sector.
Golds have gone into a corrective phase. They have been working very hard to reduce costs and with success. It’s okay, but he thinks it will not work out over the next few months with a rising US dollar and rising rates.
He is a lot more positive on gold then what he has been in a while. Gold stocks have come way back. The US$ may run into some headwinds, inflation is coming back, and real (?) higher interest rates are coming down, which all argues positively for gold. He is spending more time on domestic producers. (See Top Picks.)
Oceanagold Corp(OGC-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 2
Oceanagold Corp(OGC-T) Frequently Asked Questions
What is Oceanagold Corp stock symbol?
Oceanagold Corp is a Canadian stock, trading under the symbol OGC-T on the Toronto Stock Exchange (OGC-CT). It is usually referred to as TSX:OGC or OGC-T
Is Oceanagold Corp a buy or a sell?
In the last year, 2 stock analysts published opinions about OGC-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Oceanagold Corp.
Is Oceanagold Corp a good investment or a top pick?
Oceanagold Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Oceanagold Corp.
Why is Oceanagold Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Oceanagold Corp worth watching?
2 stock analysts on Stockchase covered Oceanagold Corp In the last year. It is a trending stock that is worth watching.
What is Oceanagold Corp stock price?
On 2025-03-26, Oceanagold Corp (OGC-T) stock closed at a price of $4.51.
Doesn't own, but it's the kind of gold company that likely does well in next 2 years. He suspects that over the next 1-2 years, mid-cap names such as this will either do well or will be taken over. Scale matters in equity markets today; mere inclusion in indexes is good for the share price.