Brokerages Set OceanaGold Co. (TSE:OGC) Target Price at C$3.94

Shares of OceanaGold Co. (TSE:OGC) have received a consensus rating of “Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have covered the stock in the last year is C$4.08.

OGC has been the topic of several recent analyst reports. National Bankshares dropped their price target on OceanaGold from C$4.00 to C$3.75 in a research report on Friday, February 23rd. Canaccord Genuity Group increased their price target on shares of OceanaGold from C$4.00 to C$4.25 in a research report on Tuesday, April 23rd. CIBC boosted their price objective on shares of OceanaGold from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. BMO Capital Markets cut their target price on shares of OceanaGold from C$4.25 to C$3.75 in a research report on Thursday, February 22nd. Finally, Jefferies Financial Group upped their price target on shares of OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd.

Insider Activity

In other OceanaGold news, Director Paul Benson bought 44,400 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were 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 currently owned by insiders.

OceanaGold Price Performance

Shares of OGC opened at C$3.20 on Monday. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$3.50. The business has a 50-day moving average of C$2.88. The stock has a market cap of C$2.26 billion, a PE ratio of 20.00 and a beta of 1.50.

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

OceanaGold Dividend Announcement

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

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.