OceanaGold (TSE:OGC) Share Price Passes Above 200 Day Moving Average of $2.42

OceanaGold Co. (TSE:OGCGet Rating) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.42 and traded as high as C$3.07. OceanaGold shares last traded at C$3.05, with a volume of 2,286,413 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OGC. CIBC raised OceanaGold from a “neutral” rating to an “outperform” rating and raised their price target for the company from C$3.00 to C$4.00 in a report on Thursday, January 26th. Raymond James raised their price target on OceanaGold from C$3.50 to C$3.75 and gave the company an “outperform” rating in a report on Tuesday, January 31st. Finally, National Bankshares reduced their price objective on OceanaGold from C$4.00 to C$3.75 and set an “outperform” rating for the company in a report on Thursday, February 23rd.

OceanaGold Stock Up 5.2 %

The company has a debt-to-equity ratio of 15.14, a current ratio of 1.26 and a quick ratio of 0.85. The firm has a 50-day simple moving average of C$2.77 and a two-hundred day simple moving average of C$2.42. The company has a market cap of C$2.15 billion, a PE ratio of 12.20, a P/E/G ratio of -1.97 and a beta of 1.22.

OceanaGold Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, April 28th. Stockholders of record on Thursday, March 9th will be given a $0.013 dividend. The ex-dividend date is Wednesday, March 8th. OceanaGold’s dividend payout ratio is currently 12.00%.

About OceanaGold

(Get Rating)

OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, and silver deposits. The company operates the Didipio gold-copper mine located in the Nueva Vizcaya and Quirino provinces on the island of Luzon in the Philippines; the Macraes goldfield mine on the South Island of New Zealand and the Waihi gold mine on the North Island of New Zealand; and the Haile gold mine located in South Carolina, the United States.

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