OceanaGold (TSE:OGC) Price Target Raised to C$4.25

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

Several other brokerages also recently weighed in on OGC. Desjardins boosted their price target on OceanaGold from C$3.50 to C$4.00 and gave the company a buy rating in a report on Tuesday, January 30th. CIBC boosted their price target on OceanaGold from C$4.50 to C$5.00 and gave the company an outperform rating in a report on Wednesday, February 7th. Raymond James boosted their price target on OceanaGold from C$4.50 to C$5.00 in a report on Tuesday. Jefferies Financial Group upped their price objective on OceanaGold from C$3.50 to C$4.00 and gave the stock a buy rating in a report on Monday. Finally, BMO Capital Markets dropped their price objective on OceanaGold from C$4.25 to C$3.75 in a report on Thursday, February 22nd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of Buy and an average price target of C$4.08.

OceanaGold Price Performance

Shares of OGC opened at C$3.13 on Tuesday. The company has a fifty day simple moving average of C$2.87. The firm has a market cap of C$2.21 billion, a P/E ratio of 19.56 and a beta of 1.50. OceanaGold has a fifty-two week low of C$2.08 and a fifty-two week high of C$3.50.

OceanaGold (TSE:OGC) last issued 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). The business had revenue of C$363.94 million during the quarter. OceanaGold had a net margin of 8.10% and a return on equity of 4.88%. As a group, research analysts anticipate that OceanaGold will post 0.2977737 earnings per share for the current year.

OceanaGold Dividend Announcement

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

Insider Transactions at OceanaGold

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

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.