Oceanagold Corp (OGC-T)
TSE:OGC
5.05
0.09
(1.81%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Oceanagold Corp (OGC-T) is viewed positively by several experts who see potential growth in the gold sector over the next couple of years. One analyst notes that mid-cap gold companies like Oceanagold may perform well or become acquisition targets due to their scale and market conditions favoring index inclusion. Another expert observes that the stock's recent run-up has led to a temporary pause in its performance, indicating a potential consolidation phase before a breakout occurs. Overall, analysts appreciate the company's operations in stable countries like Australia and Canada, coupled with a strong balance sheet that adds to its attractiveness. With a current yield of 0.7% and an analyst price target of $5.82, there is speculation about a possible takeover due to its low valuation and robust financials.
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 $5.82)A mid-cap gold company. They are having trouble with their Didipio mine. The Philippine government has put a kind of moratorium on production as they review the environmental impact. This makes it a tough place to invest. If they lose their license, it represents 30%-40%. The political risk would scare him away.
Based in Australasia and were picking up a lot of assets. For some investors, this might be overexposed to the Philippines right now. They have the Hale deposit in South Carolina they are building on, and are now taking more of a focus in the Americas. They’ve been quite active in regards to placements. He sees this being quite active in the junior mining sector.
He is a lot more positive on gold then what he has been in a while. Gold stocks have come way back. The US$ 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 2025-04-14, Oceanagold Corp (OGC-T) stock closed at a price of $5.05.
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.