OceanaGold Co. (TSE:OGC) Given Consensus Recommendation of “Buy” by Brokerages

OceanaGold Co. (TSE:OGC) has received a consensus recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have covered the stock in the last year is C$4.08.

A number of equities analysts have issued reports on the company. BMO Capital Markets reduced their target price on OceanaGold from C$4.25 to C$3.75 in a report on Thursday, February 22nd. Canaccord Genuity Group lifted their price objective on OceanaGold from C$4.00 to C$4.25 in a report on Tuesday. National Bankshares dropped their target price on OceanaGold from C$4.00 to C$3.75 in a research report on Friday, February 23rd. CIBC lifted their target price on OceanaGold from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Finally, Raymond James lifted their target price on OceanaGold from C$4.50 to C$5.00 in a research report on Tuesday.

OceanaGold Stock Up 2.2 %

OceanaGold stock opened at C$3.20 on Monday. The business’s fifty day moving average is C$2.88. OceanaGold has a 52-week low of C$2.08 and a 52-week high of C$3.50. The firm has a market capitalization of C$2.26 billion, a price-to-earnings ratio of 20.00 and a beta of 1.50.

OceanaGold (TSE:OGC) last announced its earnings results 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). OceanaGold had a net margin of 8.10% and a return on equity of 4.88%. The business had revenue of C$363.94 million during the quarter. 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 declared a Semi-Annual dividend, which was paid on Friday, April 26th. Stockholders of record on Thursday, March 7th were paid a $0.013 dividend. The ex-dividend date 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 business’s stock in a transaction on Tuesday, February 27th. The shares were acquired 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 corporate 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.