National Bankshares Trims OceanaGold (TSE:OGC) Target Price to C$4.50

OceanaGold (TSE:OGC) had its target price lowered by National Bankshares from C$4.75 to C$4.50 in a research report report published on Thursday, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. CIBC raised their price objective on OceanaGold from C$4.50 to C$5.00 and gave the stock an outperform rating in a report on Wednesday, February 7th. Desjardins raised their price objective 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 Bank Financial restated an outperform overweight rating on shares of OceanaGold in a report on Monday, April 8th. Canaccord Genuity Group lifted their target price on OceanaGold from C$4.00 to C$4.25 in a report on Tuesday, April 23rd. Finally, Cormark reduced their target price on OceanaGold from C$3.25 to C$3.00 in a report on Monday, February 26th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, OceanaGold currently has a consensus rating of Buy and a consensus target price of C$4.17.

OceanaGold Trading Down 1.7 %

Shares of TSE:OGC opened at C$2.95 on Thursday. The company’s fifty day moving average is C$2.92. The firm has a market cap of C$2.09 billion, a PE ratio of 18.44 and a beta of 1.50. OceanaGold has a one year low of C$2.08 and a one year high of C$3.50.

OceanaGold (TSE:OGC) last announced its earnings results on Wednesday, February 21st. The company reported C$0.01 EPS 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. As a group, equities analysts anticipate that OceanaGold will post 0.2977737 EPS for the current year.

OceanaGold Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, April 26th. Stockholders of record on Thursday, March 7th were given a dividend of $0.013 per share. The ex-dividend date was Wednesday, March 6th. OceanaGold’s payout ratio is 18.75%.

Insider Transactions at OceanaGold

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

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.