OceanaGold Co. (TSE:OGC – Free Report) – Cormark cut their Q1 2024 earnings per share estimates for OceanaGold in a research note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.10. The consensus estimate for OceanaGold’s current full-year earnings is $0.30 per share.
Several other brokerages also recently weighed in on OGC. Jefferies Financial Group raised their price target on OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets lowered their price target on OceanaGold from C$4.25 to C$3.75 in a report on Thursday, February 22nd. Desjardins raised their price target on OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. National Bankshares lowered their price target on OceanaGold from C$4.00 to C$3.75 in a report on Friday, February 23rd. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of OceanaGold in a report on Monday, April 8th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$4.08.
OceanaGold Stock Performance
Shares of OGC stock opened at C$3.05 on Wednesday. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$3.50. The company’s 50-day moving average is C$2.85. The company has a market capitalization of C$2.16 billion, a P/E ratio of 19.06 and a beta of 1.50.
OceanaGold (TSE:OGC – Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$363.94 million for the quarter.
OceanaGold Announces Dividend
The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, March 7th will be paid a $0.013 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. OceanaGold’s payout ratio is 18.75%.
Insider Activity at OceanaGold
In related news, Director Paul Benson purchased 44,400 shares of OceanaGold stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average cost of C$2.25 per share, for a total transaction of C$99,678.00. 0.14% of the stock is owned by company insiders.
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.
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