OceanaGold (TSE:OGC) PT Raised to C$5.00

OceanaGold (TSE:OGC) had its price objective boosted by Raymond James from C$4.50 to C$5.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Raymond James also issued estimates for OceanaGold’s Q1 2024 earnings at $0.01 EPS, Q3 2024 earnings at $0.11 EPS and Q4 2024 earnings at $0.11 EPS.

OGC has been the subject of several other research reports. BMO Capital Markets cut their price objective on OceanaGold from C$4.25 to C$3.75 in a research report on Thursday, February 22nd. Jefferies Financial Group lifted their target price on OceanaGold from C$3.50 to C$4.00 and gave the company a buy rating in a research note on Monday. Cormark lowered their target price on OceanaGold from C$3.25 to C$3.00 in a research note on Monday, February 26th. National Bank Financial reissued an outperform overweight rating on shares of OceanaGold in a research note on Monday, April 8th. Finally, CIBC lifted their target price on OceanaGold from C$4.50 to C$5.00 and gave the company an outperform rating in a research note on Wednesday, February 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of C$4.08.

OceanaGold Trading Up 1.3 %

Shares of OGC opened at C$3.05 on Tuesday. The company has a fifty day simple moving average of C$2.85. OceanaGold has a 52-week low of C$2.08 and a 52-week high of C$3.50. The company has a market cap of C$2.16 billion, a P/E ratio of 19.06 and a beta of 1.50.

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

OceanaGold Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, April 26th. Investors 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 dividend payout ratio (DPR) is presently 18.75%.

Insider Buying and Selling

In related news, Director Paul Benson acquired 44,400 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of C$2.25 per share, with a total value of C$99,678.00. 0.14% of the stock is owned by 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.