OceanaGold Co. (TSE:OGC) Given Average Recommendation of "Buy" by Brokerages

OceanaGold Co. (TSE:OGC - Get Free Report) has earned an average recommendation of "Buy" from the six analysts that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is C$3.88.

A number of equities research analysts have issued reports on the company. Jefferies Financial Group set a C$3.50 price target on OceanaGold and gave the stock a "buy" rating in a research note on Thursday, February 29th. National Bankshares lowered their price target on OceanaGold from C$4.00 to C$3.75 in a report on Friday, February 23rd. Desjardins increased 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 report on Wednesday, January 3rd. Finally, CIBC raised their target price on shares of OceanaGold from C$4.50 to C$5.00 and gave the company an "outperform" rating in a research note on Wednesday, February 7th.

OceanaGold Stock Up 1.0 %

Shares of OGC stock traded up C$0.03 during mid-day trading on Thursday, reaching C$3.06. 1,116,179 shares of the company's stock traded hands, compared to its average volume of 1,249,468. The stock has a market cap of C$2.16 billion, a price-to-earnings ratio of 18.94 and a beta of 1.50. OceanaGold has a 12 month low of C$2.08 and a 12 month high of C$3.50. The firm's 50 day moving average price is C$2.67.

OceanaGold (TSE:OGC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.01 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of C$363.94 million during the quarter. On average, research analysts anticipate that OceanaGold will post 0.3008299 earnings per share for the current year.

OceanaGold Dividend Announcement

The firm also recently declared 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 dividend payout ratio is currently 18.75%.

Insider Buying and Selling at OceanaGold

In related news, Director Paul Benson purchased 44,400 shares of OceanaGold 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. 0.14% of the stock is currently owned by corporate 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.