OceanaGold Co. (TSE:OGC - Get Free Report) has received a consensus rating of "Buy" from the seven analysts that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$4.75.
A number of analysts have recently issued reports on the company. Scotiabank lifted their target price on OceanaGold from C$4.25 to C$4.75 in a research report on Monday, August 19th. National Bankshares lifted their price target on OceanaGold from C$4.50 to C$5.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 17th. Royal Bank of Canada upgraded OceanaGold to a "moderate buy" rating in a research note on Wednesday, June 12th. CIBC lifted their price target on OceanaGold from C$5.00 to C$5.25 in a research note on Wednesday, July 10th. Finally, Desjardins lifted 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.
View Our Latest Research Report on OceanaGold
OceanaGold Stock Up 2.3 %
OGC traded up C$0.08 on Friday, reaching C$3.60. The company had a trading volume of 1,405,509 shares, compared to its average volume of 1,457,786. OceanaGold has a 1 year low of C$2.08 and a 1 year high of C$3.84. The stock has a market capitalization of C$2.56 billion, a PE ratio of 360.00 and a beta of 1.62. The stock has a 50-day moving average price of C$3.43 and a 200-day moving average price of C$3.13.
OceanaGold (TSE:OGC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.05. The business had revenue of C$343.70 million for the quarter. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. As a group, analysts expect that OceanaGold will post 0.3851133 earnings per share for the current fiscal year.
OceanaGold Increases Dividend
The company also recently announced a Semi-Annual dividend, which will be paid on Friday, October 11th. Investors of record on Thursday, August 29th will be issued a dividend of $0.014 per share. This is a boost from OceanaGold's previous Semi-Annual dividend of $0.01. The ex-dividend date is Thursday, August 29th. OceanaGold's payout ratio is presently 300.00%.
About OceanaGold
(
Get Free ReportOceanaGold 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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