Brokerages Set OceanaGold Co. (TSE:OGC) Target Price at C$4.83

Shares of OceanaGold Co. (TSE:OGC) have been assigned an average rating of “Buy” from the eight analysts that are covering the company, MarketBeat reports. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$4.83.

A number of analysts recently issued reports on OGC shares. Scotiabank boosted their price target on OceanaGold from C$4.25 to C$4.75 in a report on Monday, August 19th. Royal Bank of Canada boosted their price target on OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Canaccord Genuity Group boosted their price target on OceanaGold from C$4.50 to C$5.50 and gave the company a “strong-buy” rating in a report on Tuesday, July 23rd. National Bankshares boosted their price target on OceanaGold from C$4.50 to C$5.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Finally, CIBC upped their target price on OceanaGold from C$5.00 to C$5.25 in a report on Wednesday, July 10th.

OceanaGold Price Performance

Shares of TSE OGC opened at C$3.84 on Thursday. The business’s 50 day moving average is C$3.56 and its two-hundred day moving average is C$3.26. OceanaGold has a 1-year low of C$2.08 and a 1-year high of C$4.18. The stock has a market capitalization of C$2.73 billion, a P/E ratio of 384.00 and a beta of 1.61.

OceanaGold (TSE:OGC) last announced its earnings results on Tuesday, July 30th. The company reported C$0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.05. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. The business had revenue of C$343.70 million during the quarter. As a group, equities research analysts anticipate that OceanaGold will post 0.6243902 earnings per share for the current fiscal year.

OceanaGold Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, August 29th will be given a dividend of $0.014 per share. This is an increase from OceanaGold’s previous Semi-Annual dividend of $0.01. The ex-dividend date is Thursday, August 29th. OceanaGold’s dividend payout ratio (DPR) is currently 300.00%.

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.