OceanaGold Co. (TSE:OGC – Free Report) – Equities researchers at Desjardins issued their Q1 2024 earnings per share (EPS) estimates for OceanaGold in a research note issued to investors on Tuesday, April 23rd. Desjardins analyst J. Egilo anticipates that the company will post earnings of ($0.01) per share for the quarter. Desjardins has a “Buy” rating and a $4.00 price objective on the stock. The consensus estimate for OceanaGold’s current full-year earnings is $0.30 per share.
Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group boosted their price objective on OceanaGold from C$4.00 to C$4.25 in a research note on Tuesday. National Bankshares cut their target price on OceanaGold from C$4.00 to C$3.75 in a research note on Friday, February 23rd. CIBC upped their target price on OceanaGold from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Cormark cut their target price on OceanaGold from C$3.25 to C$3.00 in a research note on Monday, February 26th. Finally, Raymond James upped their target price on OceanaGold from C$4.50 to C$5.00 in a research note on Tuesday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$4.08.
OceanaGold Stock Up 2.2 %
Shares of TSE OGC opened at C$3.20 on Thursday. The stock’s 50 day moving average is C$2.88. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$3.50. The company has a market capitalization of C$2.26 billion, a PE ratio of 20.00 and a beta of 1.50.
OceanaGold (TSE:OGC – Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of C$363.94 million for the quarter.
OceanaGold Announces Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Friday, April 26th. Investors of record on Thursday, March 7th were issued a $0.013 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. OceanaGold’s payout ratio is 18.75%.
Insider Activity at OceanaGold
In other news, Director Paul Benson purchased 44,400 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased 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 owned by company insiders.
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.
See Also
- Five stocks we like better than OceanaGold
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- 3 Stocks Leading the U.S. Agriculture Comeback
- Where to Find Earnings Call Transcripts
- How to Use Put Debit Spreads to Profit From Falling Stocks
- How to Capture the Benefits of Dividend Increases
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for OceanaGold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanaGold and related companies with MarketBeat.com's FREE daily email newsletter.
