OceanaGold (TSE:OGC) Price Target Lowered to C$4.50 at National Bankshares

OceanaGold (TSE:OGC) had its target price reduced by National Bankshares from C$4.75 to C$4.50 in a report released on Thursday morning, BayStreet.CA reports.

Other equities analysts have also issued reports about the stock. Raymond James increased their price objective on shares of OceanaGold from C$4.50 to C$5.00 in a research report on Tuesday, April 23rd. Cormark lowered their price target on shares of OceanaGold from C$3.25 to C$3.00 in a report on Monday, February 26th. BMO Capital Markets reduced their price objective on OceanaGold from C$4.25 to C$3.75 in a research note on Thursday, February 22nd. Jefferies Financial Group upped their target price on OceanaGold from C$3.50 to C$4.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Finally, National Bank Financial reiterated an outperform overweight rating on shares of OceanaGold in a research report on Monday, April 8th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, OceanaGold currently has an average rating of Buy and a consensus target price of C$4.17.

OceanaGold Trading Down 1.7 %

Shares of OGC opened at C$2.95 on Thursday. The company has a 50 day moving average price of C$2.92. The firm has a market capitalization of C$2.10 billion, a P/E ratio of 42.14 and a beta of 1.61. OceanaGold has a twelve month low of C$2.08 and a twelve month high of C$3.50.

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 the consensus estimate of C$0.02 by C($0.01). OceanaGold had a return on equity of 2.29% and a net margin of 3.69%. The business had revenue of C$363.94 million for the quarter. As a group, research analysts anticipate that OceanaGold will post 0.315508 earnings per share for the current fiscal year.

OceanaGold Announces Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Friday, April 26th. Investors of record on Thursday, March 7th were paid a $0.013 dividend. The ex-dividend date was Wednesday, March 6th. OceanaGold’s dividend payout ratio is currently 42.86%.

Insiders Place Their Bets

In other news, Director Paul Benson acquired 44,400 shares of the stock in a transaction that occurred 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 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.