If anyone has time, I would appreciate a chart & TA opinions on OGC. OceanaGold is listed in New Zealand, Australia and Canada. Fundamentally The country's biggest gold miner OceanaGold is trading at a discount of up to 65 per cent below its ASX-listed peers, analysis from Austock has found.
Sydney-based analyst Anna Kassianos has increased her firm's 12-month target price for the stock from A$3.38 to A$4.61 following a site visit to the company's New Zealand South Island mines at Reefton on the West Coast and Macraes Flat near Dunedin..
Kassianos - who was ahead of other analysts with a buy recommendation early last year - says the continued positive outlook now results from the cost of buying out its gold hedges coming in below what was expected, a ramp-up of exploration and an expected 86 per cent increase in ore reserve conversion rates.
OceanaGold had moved to Austock's number one pick for Australian-listed, middle-sized gold companies. Source www.nzherald.co.nz By Tamsyn Parker 30.04.10 My other gold stock I trade is RRL, which would be interesting to see a chart on, to see if it can in the near future break the March top of $1.07. Thanks, your time and effort is greatly appreciated.
