Shares of OceanaGold Co. (TSE:OGC - Get Free Report) have been given a consensus recommendation of "Buy" by the eight brokerages that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$4.83.
A number of analysts recently weighed in on OGC shares. National Bankshares raised their price target on shares of OceanaGold from C$4.50 to C$5.00 and gave the company an "outperform" rating in a report on Wednesday, July 17th. CIBC raised their price objective on shares of OceanaGold from C$5.00 to C$5.25 in a research note on Wednesday, July 10th. Jefferies Financial Group raised their price objective on shares of OceanaGold from C$4.00 to C$5.00 in a research note on Friday, July 12th. Royal Bank of Canada raised their price objective on shares of OceanaGold from C$5.00 to C$5.50 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Finally, Desjardins raised their price objective 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.
Check Out Our Latest Research Report on OGC
OceanaGold Trading Up 1.0 %
Shares of OceanaGold stock traded up C$0.04 during midday trading on Monday, reaching C$3.93. The company had a trading volume of 1,070,202 shares, compared to its average volume of 1,479,820. The company has a market capitalization of C$2.80 billion, a price-to-earnings ratio of 393.00 and a beta of 1.61. The stock has a fifty day simple moving average of C$3.61 and a 200 day simple moving average of C$3.36. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$4.18.
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, meeting analysts' consensus estimates of C$0.05. The business 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%. Sell-side analysts expect that OceanaGold will post 0.6113821 earnings per share for the current year.
OceanaGold Increases Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, August 29th were given 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 of this dividend was Thursday, August 29th. OceanaGold's dividend payout ratio (DPR) is currently 300.00%.
OceanaGold Company Profile
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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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