Recent Investment Analysts’ Ratings Changes for OceanaGold (OGC)

OceanaGold (TSE: OGC) recently received a number of ratings updates from brokerages and research firms:

• 4/23/2024 – OceanaGold had its price target raised by analysts at Canaccord Genuity Group Inc. from C$4.00 to C$4.25.
• 4/23/2024 – OceanaGold had its price target raised by analysts at Raymond James from C$4.50 to C$5.00.
• 4/22/2024 – OceanaGold had its price target raised by analysts at Jefferies Financial Group Inc. from C$3.50 to C$4.00. They now have a “buy” rating on the stock.
• 4/8/2024 – OceanaGold had its “outperform overweight” rating reaffirmed by analysts at National Bank Financial.
• 4/8/2024 – OceanaGold had its price target raised by analysts at Raymond James from C$4.00 to C$4.50.
• 2/29/2024 – OceanaGold was given a new C$3.50 price target on by analysts at Jefferies Financial Group Inc.. They now have a “buy” rating on the stock.

OceanaGold Price Performance

Shares of TSE OGC traded up C$0.04 during midday trading on Monday, hitting C$3.24. The company had a trading volume of 1,266,008 shares, compared to its average volume of 1,460,936. OceanaGold Co. has a twelve month low of C$2.08 and a twelve month high of C$3.50. The firm has a market cap of C$2.29 billion, a price-to-earnings ratio of 20.25 and a beta of 1.50. The firm has a 50-day simple moving average of C$2.88.

OceanaGold (TSE:OGC) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). OceanaGold had a return on equity of 4.88% and a net margin of 8.10%. The business had revenue of C$363.94 million for the quarter. Research analysts forecast that OceanaGold Co. will post 0.2977737 earnings per share for the current fiscal year.

OceanaGold Announces Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, April 26th. Investors of record on Thursday, March 7th were given a dividend of $0.013 per share. The ex-dividend date of this dividend was Wednesday, March 6th. OceanaGold’s dividend payout ratio (DPR) is presently 18.75%.

Insider Activity at OceanaGold

In other news, Director Paul Benson acquired 44,400 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average cost of C$2.25 per share, for a total transaction of C$99,678.00. 0.14% of the stock is owned by insiders.

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.