Related posts

This Week’s Stock Picks & BNN Top Picks Summary: NTR-T, FNV-T and 27 Stock Top Picks (Feb 28-March 06)Nervous markets await NvidiaWeekly 52-Week Low (or 52-Week High): BB-T, AEM-T, DOO-T, TSU-T and More 52-Week Highs and Lows (Jan 29-Feb 04)
Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Oceanagold Corp, operating under the symbol OGC-T, is a gold company praised for its operations in stable countries like Australia, Canada, and the Philippines. Experts note its exceptionally strong balance sheet, highlighting that it is currently trading at book value. This low valuation makes it an attractive target for potential takeovers by larger producers. Furthermore, the stock has a modest yield of 0.7%, which adds to its appeal. Analysts have set a price target of $5.82, suggesting that there is considerable room for growth and appreciation in its share value.

Consensus
Positive
Valuation
Undervalued
HOLD

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.

TOP PICK

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)
RISKY
Junior producer. One of the better growth stories. Held up by political risk as to where the mines are located. Market doesn't seem to want to take the extra risk of exotic parts of the world. It could make a ton of money a year from now. For those who look through the risks.
WEAK BUY
Doesn't like geopolitical risk in the Philippines. A buy, with a price target of $2.70. He looks at management, cost of production, resource on the ground, and geopolitics. Geopolitics are going to get worse going forward.
BUY
Well-run and financed with good assets, and it's way way oversold. Had a nice new discovery in New Zealand. It seems their political problems in the Phillippines will soon be resolved. This cheap now.
SELL
Mines are in Philippines, so not on his list. He'd rather be in the US, Americas, or Mexico. Just lowered his target to $3.55. Issues with production. Sell, and do a lateral move within the sector.
WATCH
The stock is trading at around a 30% discount to its book value which is quite cheap. The analyst has not given up optimism on this stock, targeting $4.40. The stock is cheap in his opinion.
COMMENT
They lowered their forecast, so it sold off recently. They have production issues, so will this be a one-time problem? This may be a buying opportunity, but study it closer for a deeper issue. Why was their production lower?
DON'T BUY
Have done an excellent job growing the company. It has been recognized in the stock price. If you are buying here you really have to believe that gold is going significantly up.
COMMENT

Mostly Asian, Pacific-based, but now moving into North America in the Carolinas. Doing a lot more deals in Nevada and Argentina.

DON'T BUY

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.

COMMENT

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.

WAIT

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.

COMMENT

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.)

DON'T BUY

It is one of the better gold stocks in terms of valuation and they are not over levered. It has a 1.4 times book and they have historically cash flowed. They even pay a low yield. The whole sector he is quite concerned about. Gold is not a sector you want to be in.

Showing 1 to 15 of 31 entries

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

Stockchase rating for Oceanagold Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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 2025-03-14, Oceanagold Corp (OGC-T) stock closed at a price of $4.15.