National Bankshares Lowers OceanaGold (TSE:OGC) Price Target to C$4.50

OceanaGold (TSE:OGC) had its price objective trimmed by National Bankshares from C$4.75 to C$4.50 in a report released on Thursday, BayStreet.CA reports.

Several other equities analysts have also recently weighed in on the stock. Desjardins raised their target price on shares of OceanaGold from C$3.50 to C$4.00 and gave the company a buy rating in a research note on Tuesday, January 30th. BMO Capital Markets lowered their price target on shares of OceanaGold from C$4.25 to C$3.75 in a research report on Thursday, February 22nd. National Bank Financial reaffirmed an outperform overweight rating on shares of OceanaGold in a research report on Monday, April 8th. CIBC raised their target price on shares of OceanaGold from C$4.50 to C$5.00 and gave the company an outperform rating in a report on Wednesday, February 7th. Finally, Jefferies Financial Group raised their target price on shares of OceanaGold from C$3.50 to C$4.00 and gave the company a buy rating in a report on Monday, April 22nd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of C$4.17.

OceanaGold Trading Down 1.7 %

TSE:OGC opened at C$2.95 on Thursday. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$3.50. The firm has a 50-day simple moving average of C$2.92. The firm has a market capitalization of C$2.09 billion, a PE ratio of 18.44 and a beta of 1.50.

OceanaGold (TSE:OGC) last posted its quarterly earnings data 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 firm had revenue of C$363.94 million for the quarter. As a group, equities analysts expect that OceanaGold will post 0.2977737 earnings per share for the current year.

OceanaGold Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, April 26th. Investors of record on Thursday, March 7th were given a dividend of $0.013 per share. The ex-dividend date of this dividend was Wednesday, March 6th. OceanaGold’s dividend payout ratio is presently 18.75%.

Insider Transactions at OceanaGold

In other news, Director Paul Benson purchased 44,400 shares of the company’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. Corporate insiders own 0.14% of the company’s stock.

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.