OceanaGold Co. (TSE:OGC - Free Report) - Investment analysts at Cormark lowered their Q1 2024 EPS estimates for OceanaGold in a research note issued on Monday, April 22nd. Cormark analyst R. Gray now expects that the company will post earnings of $0.04 per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for OceanaGold's current full-year earnings is $0.30 per share.
Other equities analysts also recently issued research reports about the stock. BMO Capital Markets dropped their price objective on shares of OceanaGold from C$4.25 to C$3.75 in a report on Thursday, February 22nd. CIBC boosted their price objective on shares of OceanaGold from C$4.50 to C$5.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. Desjardins raised their target price on OceanaGold from C$3.50 to C$4.00 and gave the stock a "buy" rating in a report on Tuesday, January 30th. National Bankshares lowered their target price on OceanaGold from C$4.00 to C$3.75 in a research report on Friday, February 23rd. Finally, Raymond James upped their price target on OceanaGold from C$4.50 to C$5.00 in a research report on Tuesday. Six research analysts have rated the stock with a buy rating, According to MarketBeat, OceanaGold has an average rating of "Buy" and an average price target of C$4.08.
View Our Latest Stock Report on OceanaGold
OceanaGold Trading Down 0.7 %
TSE:OGC traded down C$0.02 on Wednesday, hitting C$3.03. The stock had a trading volume of 1,343,969 shares, compared to its average volume of 1,463,991. OceanaGold has a 52-week low of C$2.08 and a 52-week high of C$3.50. The stock has a market cap of C$2.14 billion, a PE ratio of 19.13 and a beta of 1.50. The business has a 50-day moving average price of C$2.85.
OceanaGold (TSE:OGC - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.02 by C($0.01). The firm had revenue of C$363.94 million during the quarter. OceanaGold had a return on equity of 4.88% and a net margin of 8.10%.
OceanaGold Dividend Announcement
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, March 7th will be given a $0.013 dividend. The ex-dividend date is Wednesday, March 6th. OceanaGold's payout ratio is 18.75%.
Insider Transactions at OceanaGold
In other OceanaGold news, Director Paul Benson bought 44,400 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of C$2.25 per share, with a total value of C$99,678.00. Corporate insiders own 0.14% of the company's stock.
About OceanaGold
(
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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.
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