OceanaGold (TSE:OGC) Price Target Increased to C$4.25 by Analysts at Canaccord Genuity Group

OceanaGold (TSE:OGC) had its price target upped by Canaccord Genuity Group from C$4.00 to C$4.25 in a research note released on Tuesday, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group upped their price objective on shares of OceanaGold from C$3.50 to C$4.00 and gave the stock a buy rating in a report on Monday. National Bank Financial restated an outperform overweight rating on shares of OceanaGold in a report on Monday, April 8th. Desjardins increased their price target on shares of OceanaGold from C$3.50 to C$4.00 and gave the company a buy rating in a report on Tuesday, January 30th. Cormark cut their price target on shares of OceanaGold from C$3.25 to C$3.00 in a report on Monday, February 26th. Finally, CIBC increased their price target on shares of OceanaGold from C$4.50 to C$5.00 and gave the company an outperform rating in a report on Wednesday, February 7th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of C$4.08.

OceanaGold Trading Up 1.3 %

Shares of OGC opened at C$3.05 on Tuesday. The stock has a market capitalization of C$2.16 billion, a PE ratio of 19.06 and a beta of 1.50. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$3.50. The business has a 50-day simple moving average of C$2.85.

OceanaGold (TSE:OGC) last announced 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). The business had revenue of C$363.94 million during the quarter. OceanaGold had a return on equity of 4.88% and a net margin of 8.10%. On average, sell-side analysts forecast that OceanaGold will post 0.2977737 EPS for the current fiscal year.

OceanaGold Dividend Announcement

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

Insider Buying and Selling

In related news, Director Paul Benson bought 44,400 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of C$2.25 per share, for a total transaction of C$99,678.00. 0.14% of the stock is currently owned by corporate insiders.

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.