OGC - UBS rates the stock as Buy
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OceanaGold continues to incrementally improve production against guidance and UBS believes the stock is offering good value versus the rest of the sector.
The key catalyst is the permits for Haile in order to access the high grade underground. The broker is watching the process closely as any delay could add risk to the long-term upside. Buy rating and $4.20 target maintained.
Target price is $4.20.Current Price is $3.91. Difference: $0.29 - (brackets indicate current price is over target). If OGC meets the UBS target it will return approximately 7% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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