OceanaGold (TSE:OGC) PT Lowered to C$5.50 at National Bankshares

OceanaGold (TSE:OGC) had its price objective trimmed by National Bankshares from C$6.00 to C$5.50 in a research report released on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. Desjardins upped their price objective on shares of OceanaGold from C$4.90 to C$5.50 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Canaccord Genuity Group upped their price target on shares of OceanaGold from C$4.50 to C$5.50 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 23rd. CIBC lifted their price objective on OceanaGold from C$5.00 to C$5.25 in a report on Wednesday, July 10th. Jefferies Financial Group boosted their price objective on OceanaGold from C$4.00 to C$5.00 in a research note on Friday, July 12th. Finally, Royal Bank of Canada raised their target price on OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, OceanaGold has an average rating of “Buy” and a consensus target price of C$4.88.

OceanaGold Stock Down 1.2 %

TSE:OGC opened at C$4.06 on Wednesday. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$4.41. The stock’s 50-day moving average price is C$3.75 and its 200-day moving average price is C$3.43. The stock has a market capitalization of C$2.89 billion, a PE ratio of 406.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.05 EPS for the quarter, meeting the consensus estimate of C$0.05. The company had revenue of C$343.70 million for the quarter. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. Sell-side analysts expect that OceanaGold will post 0.6283048 earnings per share for the current fiscal year.

OceanaGold Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, August 29th were issued a $0.014 dividend. This is a positive change from OceanaGold’s previous Semi-Annual dividend of $0.01. The ex-dividend date was Thursday, August 29th. OceanaGold’s payout ratio is presently 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.