OceanaGold (TSE:OGC - Free Report) had its target price hoisted by Scotiabank from C$4.25 to C$4.75 in a research report sent to investors on Monday morning, BayStreet.CA reports.
Other research analysts also recently issued research reports about the company. National Bankshares upped their target price on OceanaGold from C$4.50 to C$5.00 and gave the stock an outperform rating in a report on Wednesday, July 17th. Desjardins upped their price target on OceanaGold from C$4.90 to C$5.50 and gave the stock a buy rating in a research note on Monday, July 22nd. Jefferies Financial Group upped their price target on OceanaGold from C$4.00 to C$5.00 in a research note on Friday, July 12th. CIBC upped their price target on OceanaGold from C$5.00 to C$5.25 in a research note on Wednesday, July 10th. Finally, Raymond James upped their price target on OceanaGold from C$4.50 to C$5.00 in a research note on Tuesday, April 23rd. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of Buy and an average price target of C$4.75.
View Our Latest Stock Report on OceanaGold
OceanaGold Trading Up 1.4 %
Shares of OGC stock traded up C$0.05 during midday trading on Monday, reaching C$3.62. 922,460 shares of the stock were exchanged, compared to its average volume of 1,439,021. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$3.84. The company's 50 day moving average is C$3.39 and its two-hundred day moving average is C$3.10. The firm has a market cap of C$2.57 billion, a PE ratio of 363.00 and a beta of 1.62.
OceanaGold Increases Dividend
The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, August 29th will be paid a $0.014 dividend. The ex-dividend date is Thursday, August 29th. This is a positive change from OceanaGold's previous Semi-Annual dividend of $0.01. OceanaGold's dividend payout ratio is presently 300.00%.
OceanaGold Company Profile
(
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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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