OceanaGold (TSE:OGC) Price Target Increased to C$4.25 by Analysts at Canaccord Genuity Group

OceanaGold (TSE:OGC) had its target price lifted by Canaccord Genuity Group from C$4.00 to C$4.25 in a report issued on Tuesday morning, BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on the stock. Desjardins upped their price target on shares of OceanaGold from C$3.50 to C$4.00 and gave the stock a buy rating in a research report on Tuesday, January 30th. Jefferies Financial Group upped their price target on shares of OceanaGold from C$3.50 to C$4.00 and gave the stock a buy rating in a research report on Monday. CIBC increased their target price on shares of OceanaGold from C$4.50 to C$5.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. National Bank Financial reissued an outperform overweight rating on shares of OceanaGold in a research report on Monday, April 8th. Finally, National Bankshares decreased their target price on shares of OceanaGold from C$4.00 to C$3.75 in a research report on Friday, February 23rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, OceanaGold has an average rating of Buy and an average target price of C$4.08.

OceanaGold Price Performance

Shares of OGC opened at C$3.05 on Tuesday. The stock has a 50 day simple moving average of C$2.85. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$3.50. The stock has a market cap of C$2.16 billion, a PE ratio of 19.06 and a beta of 1.50.

OceanaGold (TSE:OGC) last announced its quarterly 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 4.88% and a net margin of 8.10%. The business had revenue of C$363.94 million during the quarter. On average, equities analysts expect that OceanaGold will post 0.2977737 earnings per share for the current fiscal year.

OceanaGold Dividend Announcement

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

Insider Buying and Selling at OceanaGold

In related 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 currently owned by company insiders.

About OceanaGold

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.