TD Waterhouse Canada Inc. Invests $584,000 in Oceanagold Corp. $OGC

TD Waterhouse Canada Inc. bought a new position in shares of Oceanagold Corp. (NYSE:OGC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,331 shares of the company’s stock, valued at approximately $584,000.

Other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Oceanagold in the second quarter valued at approximately $14,465,000. Bank of New York Mellon Corp acquired a new position in Oceanagold during the 2nd quarter worth $1,701,000. Finally, Nykredit A S acquired a new position in Oceanagold during the 2nd quarter worth $125,000.

Oceanagold Stock Down 3.7%

OGC stock opened at $29.95 on Friday. The company has a fifty day moving average of $27.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.24 and a current ratio of 1.63. The firm has a market cap of $6.66 billion and a P/E ratio of 15.05. Oceanagold Corp. has a twelve month low of $19.33 and a twelve month high of $43.33.

Oceanagold (NYSE:OGC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $647.30 million during the quarter. Oceanagold had a return on equity of 36.44% and a net margin of 35.14%. Research analysts anticipate that Oceanagold Corp. will post 4.17 earnings per share for the current fiscal year.

Oceanagold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. Oceanagold’s dividend payout ratio (DPR) is 18.09%.

Analyst Upgrades and Downgrades

OGC has been the subject of several research reports. Wall Street Zen cut Oceanagold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 22nd. Jefferies Financial Group raised Oceanagold to a “strong-buy” rating in a research note on Tuesday, June 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oceanagold in a report on Friday, September 4th. Scotiabank upgraded Oceanagold to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Zacks Research raised Oceanagold from a “strong sell” rating to a “hold” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

About Oceanagold

OceanaGold Corporation is a mid-tier gold producer headquartered in Vancouver, Canada. The company explores for, develops and operates gold and copper-gold properties, with operations spanning North America, the Asia-Pacific region and Oceania. Its products primarily include gold, with silver and copper produced as byproducts at certain operations.

OceanaGold’s operating portfolio includes the Haile Gold Mine in South Carolina, the Didipio gold-copper mine in the Philippines, and the Macraes and Waihi operations in New Zealand.