OceanaGold Co. (TSE:OGC) Receives C$3.94 Consensus PT from Analysts

Shares of OceanaGold Co. (TSE:OGC) have been given an average recommendation of “Buy” by the six research firms that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$4.08.

A number of equities research analysts have recently weighed in on OGC shares. Cormark cut their price target on OceanaGold from C$3.25 to C$3.00 in a research note on Monday, February 26th. Raymond James raised their price target on OceanaGold from C$4.50 to C$5.00 in a research note on Tuesday. National Bank Financial reaffirmed an “outperform overweight” rating on shares of OceanaGold in a research note on Monday, April 8th. Canaccord Genuity Group raised their price objective on OceanaGold from C$4.00 to C$4.25 in a research note on Tuesday. Finally, Desjardins raised their price objective on OceanaGold from C$3.50 to C$4.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th.

Insiders Place Their Bets

In other OceanaGold news, Director Paul Benson purchased 44,400 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average cost of C$2.25 per share, with a total value of C$99,678.00. Company insiders own 0.14% of the company’s stock.

OceanaGold Price Performance

Shares of TSE OGC opened at C$3.03 on Monday. OceanaGold has a one year low of C$2.08 and a one year high of C$3.50. The firm has a market cap of C$2.14 billion, a price-to-earnings ratio of 18.94 and a beta of 1.50. The business’s 50-day simple moving average is C$2.86.

OceanaGold (TSE:OGC) last posted its quarterly earnings results 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 return on equity of 4.88% and a net margin of 8.10%. The firm had revenue of C$363.94 million for the quarter. On average, equities research analysts forecast that OceanaGold will post 0.2977737 EPS for the current fiscal year.

OceanaGold Announces Dividend

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

About OceanaGold

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.