OceanaGold (OGC) Scheduled to Post Quarterly Earnings on Tuesday

OceanaGold (TSE:OGC) will issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of C$0.06 per share for the quarter.

OceanaGold (TSE:OGC) last released its earnings results on Wednesday, February 21st. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.02 by C($0.01). OceanaGold had a net margin of 8.10% and a return on equity of 4.88%. The firm had revenue of C$363.94 million during the quarter.

OceanaGold Stock Down 5.6 %

TSE:OGC opened at C$3.01 on Tuesday. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$3.50. The firm has a fifty day moving average price of C$2.85. The company has a market capitalization of C$2.13 billion, a PE ratio of 18.81 and a beta of 1.50.

OceanaGold Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, March 7th will be given a dividend of $0.013 per share. The ex-dividend date of this dividend is Wednesday, March 6th. OceanaGold’s dividend payout ratio (DPR) is 18.75%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Jefferies Financial Group lifted their price objective on shares of OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets reduced their price objective on shares of OceanaGold from C$4.25 to C$3.75 in a research report on Thursday, February 22nd. National Bank Financial reaffirmed an “outperform overweight” rating on shares of OceanaGold in a research report on Monday, April 8th. Cormark reduced their price objective on shares of OceanaGold from C$3.25 to C$3.00 in a research report on Monday, February 26th. Finally, CIBC lifted their price objective on shares of OceanaGold from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, OceanaGold presently has a consensus rating of “Buy” and an average price target of C$4.00.

Insider Transactions at OceanaGold

In related news, Director Paul Benson purchased 44,400 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average price of C$2.25 per share, with a total value of C$99,678.00. Insiders own 0.14% of the company’s stock.

OceanaGold Company Profile

OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. OceanaGold Corporation was founded in 2003 and is based in Vancouver, Canada.