OceanaGold (TSE:OGC) Price Target Increased to C$4.00 by Analysts at Jefferies Financial Group

OceanaGold (TSE:OGC) had its price target hoisted by Jefferies Financial Group from C$3.50 to C$4.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other analysts have also commented on OGC. National Bank Financial reiterated an outperform overweight rating on shares of OceanaGold in a report on Monday, April 8th. CIBC lifted their price target on OceanaGold from C$4.50 to C$5.00 and gave the stock an outperform rating in a report on Wednesday, February 7th. Raymond James raised their target price on OceanaGold from C$4.00 to C$4.50 in a research report on Monday, April 8th. National Bankshares decreased their target price on OceanaGold from C$4.00 to C$3.75 in a research report on Friday, February 23rd. Finally, Cormark decreased their target price on OceanaGold from C$3.25 to C$3.00 in a research report on Monday, February 26th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, OceanaGold currently has an average rating of Buy and an average price target of C$4.00.

OceanaGold Stock Down 5.6 %

Shares of OceanaGold stock opened at C$3.01 on Monday. The stock’s fifty day simple moving average is C$2.85. The company has a market capitalization of C$2.13 billion, a price-to-earnings ratio of 18.81 and a beta of 1.50. OceanaGold has a 12 month low of C$2.08 and a 12 month high of C$3.50.

OceanaGold (TSE:OGC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). The business had revenue of C$363.94 million for the quarter. OceanaGold had a return on equity of 4.88% and a net margin of 8.10%. On average, research analysts anticipate that OceanaGold will post 0.2977737 EPS for the current fiscal year.

OceanaGold Announces Dividend

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

Insider Activity

In related news, Director Paul Benson purchased 44,400 shares of OceanaGold stock in a transaction dated Tuesday, February 27th. The stock was 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 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.