OceanaGold Co. (TSE:OGC) Receives Consensus Recommendation of “Buy” from Analysts

Shares of OceanaGold Co. (TSE:OGC) have been given a consensus recommendation of “Buy” by the six brokerages that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$3.94.

A number of research analysts have issued reports on the stock. Jefferies Financial Group set a C$3.50 price target on shares of OceanaGold and gave the company a “buy” rating in a research note on Thursday, February 29th. Cormark cut their price objective on OceanaGold from C$3.25 to C$3.00 in a report on Monday, February 26th. Raymond James lifted their target price on OceanaGold from C$4.00 to C$4.50 in a report on Monday, April 8th. 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 report on Wednesday, February 7th. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of OceanaGold in a research report on Monday, April 8th.

Insider Activity at OceanaGold

In other OceanaGold news, Director Paul Benson bought 44,400 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of C$2.25 per share, for a total transaction of C$99,678.00. Company insiders own 0.14% of the company’s stock.

OceanaGold Stock Performance

TSE OGC opened at C$3.19 on Monday. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$3.50. The stock’s 50 day moving average price is C$2.84. The company has a market cap of C$2.26 billion, a price-to-earnings ratio of 19.94 and a beta of 1.50.

OceanaGold (TSE:OGC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$363.94 million for the quarter. Analysts anticipate that OceanaGold will post 0.2977737 EPS for the current year.

OceanaGold Announces Dividend

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

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.