23,331 Shares in Oceanagold Corp. $OGC Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. purchased a new position in shares of Oceanagold Corp. (NYSE:OGC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,331 shares of the company’s stock, valued at approximately $584,000.

Other institutional investors also recently added to or reduced their stakes in the company. Nykredit A S bought a new stake in shares of Oceanagold in the 2nd quarter valued at approximately $125,000. Bank of New York Mellon Corp bought a new position in shares of Oceanagold during the 2nd quarter worth approximately $1,701,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Oceanagold during the 2nd quarter worth approximately $14,465,000.

Analysts Set New Price Targets

Several brokerages recently commented on OGC. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oceanagold in a research note on Friday, September 4th. Wall Street Zen lowered Oceanagold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 22nd. Jefferies Financial Group raised Oceanagold to a “strong-buy” rating in a report on Tuesday, June 9th. Zacks Research upgraded shares of Oceanagold from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, Scotiabank raised shares of Oceanagold to a “strong-buy” rating in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Oceanagold Trading Down 3.7%

NYSE:OGC opened at $29.95 on Friday. Oceanagold Corp. has a 1 year low of $19.33 and a 1 year high of $43.33. The firm has a 50 day moving average price of $27.07. The company has a quick ratio of 1.24, a current ratio of 1.63 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $6.66 billion and a PE ratio of 15.05.

Oceanagold (NYSE:OGC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Oceanagold had a return on equity of 36.44% and a net margin of 35.14%.The business had revenue of $647.30 million for the quarter. As a group, analysts forecast that Oceanagold Corp. will post 4.17 EPS for the current fiscal year.

Oceanagold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Wednesday, August 19th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.2%. Oceanagold’s dividend payout ratio (DPR) is 18.09%.

Oceanagold Profile

OceanaGold Corporation is a mid-tier gold producer headquartered in Vancouver, Canada. The company explores for, develops and operates gold and copper-gold properties, with operations spanning North America, the Asia-Pacific region and Oceania. Its products primarily include gold, with silver and copper produced as byproducts at certain operations.

OceanaGold’s operating portfolio includes the Haile Gold Mine in South Carolina, the Didipio gold-copper mine in the Philippines, and the Macraes and Waihi operations in New Zealand.