outperform rating by Credit Suisse
Analysts at Credit Suisse have retained their outperform rating but lowered the price target on this gold miner’s shares to $4.20. According to the note, the broker believes that the company’s Didipio operation is distracting investors and holding down its share price. But even after removing the embattled Philippines-based operation’s earnings out of the equation, the broker sees value in the gold miner’s shares. I think Credit Suisse makes some good points and OceanaGold could be worth considering.