OceanaGold Co. (TSE:OGC – Free Report) – Research analysts at Cormark lowered their Q3 2024 earnings per share estimates for OceanaGold in a note issued to investors on Wednesday, October 23rd. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.14 for the quarter, down from their prior estimate of $0.16. The consensus estimate for OceanaGold’s current full-year earnings is $0.63 per share.
A number of other research firms also recently commented on OGC. National Bankshares reduced their price objective on shares of OceanaGold from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research note on Wednesday. Royal Bank of Canada raised their price target on OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group upped their price objective on OceanaGold from C$4.00 to C$5.00 in a research note on Friday, July 12th. Desjardins raised their target price on shares of OceanaGold from C$4.90 to C$5.50 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, CIBC upped their price target on shares of OceanaGold from C$5.00 to C$5.25 in a research report on Wednesday, July 10th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, OceanaGold presently has an average rating of “Buy” and a consensus price target of C$4.88.
OceanaGold Trading Down 1.2 %
OceanaGold stock opened at C$4.06 on Friday. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$4.41. The company has a fifty day simple moving average of C$3.75 and a 200 day simple moving average of C$3.43. The company has a market cap of C$2.89 billion, a P/E ratio of 406.00 and a beta of 1.62.
OceanaGold (TSE:OGC – Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$0.05 earnings per share for the quarter, hitting the consensus estimate of C$0.05. The company had revenue of C$343.70 million during the quarter. OceanaGold had a net margin of 0.10% and a return on equity of 0.24%.
OceanaGold Increases Dividend
The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, August 29th were issued a $0.014 dividend. This is an increase from OceanaGold’s previous Semi-Annual dividend of $0.01. The ex-dividend date was Thursday, August 29th. OceanaGold’s payout ratio is currently 300.00%.
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.
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