OceanaGold (TSE:OGC) PT Raised to C$4.00 at Jefferies Financial Group

OceanaGold (TSE:OGC) had its price target upped by Jefferies Financial Group from C$3.50 to C$4.00 in a research note published on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the stock. Desjardins boosted their price objective on shares of OceanaGold from C$3.50 to C$4.00 and gave the company a buy rating in a report on Tuesday, January 30th. National Bank Financial reissued an outperform overweight rating on shares of OceanaGold in a research note on Monday, April 8th. National Bankshares lowered their price objective on shares of OceanaGold from C$4.00 to C$3.75 in a research report on Friday, February 23rd. BMO Capital Markets dropped their target price on shares of OceanaGold from C$4.25 to C$3.75 in a report on Thursday, February 22nd. Finally, Cormark lowered their price target on OceanaGold from C$3.25 to C$3.00 in a research report on Monday, February 26th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of C$4.08.

OceanaGold Stock Performance

OceanaGold stock opened at C$3.13 on Monday. The stock has a market cap of C$2.21 billion, a PE ratio of 19.56 and a beta of 1.50. The company has a 50 day moving average price of C$2.87. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$3.50.

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 the consensus estimate 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 during the quarter. On average, research analysts forecast that OceanaGold will post 0.2977737 earnings per share for the current year.

OceanaGold Dividend Announcement

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

Insiders Place Their Bets

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

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.