TSE:OGC

OceanaGold - OGC Stock Forecast, Price & News

C$3.43

+0.15 (+4.57%)

(As of 03/28/2023 12:00 AM ET)

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Today's Range: C$3.22
▼
C$3.44
50-Day Range: C$2.53
▼
C$3.31
52-Week Range: C$1.78
▼
C$3.44

Volume: 1.92 million shs
Average Volume: 1.45 million shs
Market Capitalization: C$2.42 billion

P/E Ratio: 14.29
Dividend Yield: 0.87%
Price Target: C$3.60

OceanaGold MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 5.0% Upside
C$3.60 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.17
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.37 out of 5 stars

1.5

Analyst's Opinion

Consensus Rating
OceanaGold has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$3.60, OceanaGold has a forecasted upside of 5.0% from its current price of C$3.43.
Amount of Analyst Coverage
OceanaGold has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for OGC.

0.8

Dividend Strength

Dividend Yield
OceanaGold has a dividend yield of 0.89%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
OceanaGold does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of OceanaGold is 12.50%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OGC.

2.3

News and Social Media Coverage

News Sentiment
OceanaGold has a news sentiment score of 0.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.30 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for OceanaGold this week, compared to 1 article on an average week.
MarketBeat Follows
2 people have added OceanaGold to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, OceanaGold insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.03% of the stock of OceanaGold is held by insiders.
Percentage Held by Institutions
58.32% of the stock of OceanaGold is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of OceanaGold is 14.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of OceanaGold is 14.29, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 85.17.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for OceanaGold, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
OceanaGold has a P/B Ratio of 1.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About OceanaGold (TSE:OGC) Stock

OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, and silver deposits. The company operates the Didipio gold-copper mine located in the Nueva Vizcaya and Quirino provinces on the island of Luzon in the Philippines; the Macraes goldfield mine on the South Island of New Zealand and the Waihi gold mine on the North Island of New Zealand; and the Haile gold mine located in South Carolina, the United States. OceanaGold Corporation was founded in 2003 and is based in South Brisbane, Australia.

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OGC Stock News Headlines

March 26, 2023 | americanbankingnews.com

OceanaGold (TSE:OGC) Shares Pass Above Two Hundred Day Moving Average of $2.48

March 22, 2023 | finance.yahoo.com

OceanaGold Appoints Marius van Niekerk as Chief Financial Officer

March 28, 2023 | Legacy Research (Affiliate) (Ad)

"Prepare for Five Years of Famine"

Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast

March 9, 2023 | finance.yahoo.com

OceanaGold Corporation (OCANF)

December 13, 2022 | finance.yahoo.com

OceanaGold Provides Exploration Update for Wharekirauponga, Haile and Didipio

December 8, 2022 | finance.yahoo.com

OceanaGold (TSE:OGC) delivers shareholders 15% return over 1 year, surging 13% in the last week alone

October 26, 2022 | finance.yahoo.com

OceanaGold Reports Third Quarter 2022 Financial Results

October 20, 2022 | reuters.com

OGC.TO - OceanaGold Corp | Stock Price & Latest News | Reuters

March 28, 2023 | Porter & Company (Ad)

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October 14, 2022 | baystreet.ca

Stocks in Minus Column by Noon - Baystreet.ca

October 9, 2022 | markets.businessinsider.com

TSX Ends Sharply Lower On Interest Rate Worries

October 6, 2022 | benzinga.com

OceanaGold Provides Notice of Third Quarter 2022 Results and Conference Call - Benzinga

October 6, 2022 | finance.yahoo.com

OceanaGold Provides Notice of Third Quarter 2022 Results and Conference Call

September 21, 2022 | in.investing.com

Canada shares lower at close of trade; S&P/TSX Composite down 0.95% - Investing.com India

September 16, 2022 | fool.com.au

Here’s why gold miner OceanaGold Corporation plunged 19% this week

September 14, 2022 | rttnews.com

Canadian Market Up In Positive Territory As Energy Stocks Rally - RTTNews

September 8, 2022 | benzinga.com

Pancontinental Resources (OTC:PUCCF) – Pancon Announces Intention to Extend Warrants - Benzinga

September 8, 2022 | streetinsider.com

Pancon Announces Intention to Extend Warrants - StreetInsider.com

August 31, 2022 | finance.yahoo.com

OFFICIAL DELISTING FROM ASX

August 29, 2022 | benzinga.com

DELISTING UPDATE - Benzinga

August 29, 2022 | finance.yahoo.com

DELISTING UPDATE

August 15, 2022 | benzinga.com

OCEANAGOLD ANNOUNCES CHANGE OF DIRECTORS - Benzinga

August 15, 2022 | finance.yahoo.com

OCEANAGOLD ANNOUNCES CHANGE OF DIRECTORS

August 4, 2022 | americanbankingnews.com

Cormark Weighs in on OceanaGold Co.'s FY2022 Earnings (TSE:OGC)

July 18, 2022 | nasdaq.com

7 Best Gold Stocks to Buy Now - Nasdaq

July 17, 2022 | investorplace.com

7 Best Gold Stocks to Buy Now - InvestorPlace - InvestorPlace

July 14, 2022 | fool.ca

TSX Today: What to Watch for in Stocks on Thursday, July 14 - The Motley Fool Canada

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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OGC Company Calendar

Ex-Dividend for 4/28 Dividend: 3/08/2023
Today: 3/28/2023
Next Earnings (Estimated): 4/27/2023
Dividend Payable: 4/28/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Gold
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: TSE:OGC
CUSIP: N/A
CIK: N/A
Web: www.oceanagold.com
Phone: +61-3-96565300
Fax: N/A
Employees: 2,146
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$3.60
High Stock Price Forecast: C$4.00
Low Stock Price Forecast: C$2.50
Forecasted Upside/Downside: +5.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.24
Trailing P/E Ratio: 14.29
Forward P/E Ratio: 16.08
P/E Growth: -1.97
Net Income: C$132.60 million
Net Margins: 13.71%
Pretax Margin: N/A
Return on Equity: 8.23%
Return on Assets: 5.18%

Debt

Debt-to-Equity Ratio: 15.14
Current Ratio: 1.26
Quick Ratio: 0.85

Sales & Book Value

Annual Sales: C$967.40 million
Price / Sales: 2.50
Cash Flow: C$0.24 per share
Price / Cash Flow: 14.38
Book Value: C$2.38 per share
Price / Book: 1.44

Miscellaneous

Outstanding Shares: 704,210,000
Free Float: N/A
Market Cap: C$2.42 billion
Optionable: Not Optionable
Beta: 1.22

Key Executives

Mr. Scott A. McQueen CPA
Exec. VP & CFO

Mr. Graham Almond
Exec. VP and Chief Officer of People, Culture & Technology

Ms. Liang Tang
Exec. VP, Gen. Counsel & Company Sec.

Mr. Scott A. Sullivan B.E.
M.B.A., Exec. VP and Chief Technical & Projects Officer

Mr. Gerard Michael Bond B.Com. (Age 54)
BComm, C.A., CEO, Pres & Director

Sabina Srubiski
Director of Investor Relations

Mr. Brian Martin C.F.A.
Sr. VP of Bus. Devel. & Investor Relations

Dr. Craig A. Feebrey
Exec. VP of Exploration

Mr. Jonathan G. Moore
Chief Geologist

David Carr
Chief Metallurgist

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

OGC Stock - Frequently Asked Questions

Should I buy or sell OceanaGold stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for OceanaGold in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OGC shares.
View OGC analyst ratings or view top-rated stocks.
What is OceanaGold's stock price forecast for 2023?: 3 brokers have issued 1 year target prices for OceanaGold's shares. Their OGC share price forecasts range from C$2.50 to C$4.00. On average, they anticipate the company's stock price to reach C$3.60 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price.
View analysts price targets for OGC or view top-rated stocks among Wall Street analysts.
How have OGC shares performed in 2023?: OceanaGold's stock was trading at C$2.58 on January 1st, 2023. Since then, OGC shares have increased by 32.9% and is now trading at C$3.43.
View the best growth stocks for 2023 here.
When is OceanaGold's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our OGC earnings forecast.
How often does OceanaGold pay dividends? What is the dividend yield for OceanaGold?: OceanaGold announced a Semi-Annual dividend on Tuesday, February 21st. Stockholders of record on Thursday, March 9th will be given a dividend of 0.013 per share on Friday, April 28th. The ex-dividend date of this dividend is Wednesday, March 8th.
Read our dividend analysis for OGC.
Is OceanaGold a good dividend stock?: OceanaGold (TSE:OGC) pays an annual dividend of C$0.03 per share and currently has a dividend yield of 0.89%. The dividend payout ratio is 12.50%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for OGC.

What other stocks do shareholders of OceanaGold own?: Based on aggregate information from My MarketBeat watchlists, some companies that other OceanaGold investors own include Barrick Gold (GOLD), B2Gold (BTO), Kirkland Lake Gold (KL), OceanaGold (OCANF), Coeur Mining (CDE), Enbridge (ENB), Bombardier, Inc. Class B (BBD.B), Eldorado Gold (ELD), Aurora Cannabis (ACB) and Alamos Gold (AGI).
What is OceanaGold's stock symbol?: OceanaGold trades on the Toronto Stock Exchange (TSX) under the ticker symbol "OGC."
How do I buy shares of OceanaGold?: Shares of OGC stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.
What is OceanaGold's stock price today?: One share of OGC stock can currently be purchased for approximately C$3.43.
How much money does OceanaGold make?: OceanaGold (TSE:OGC) has a market capitalization of C$2.42 billion and generates C$967.40 million in revenue each year. The company earns C$132.60 million in net income (profit) each year or C$0.24 on an earnings per share basis.
How many employees does OceanaGold have?: The company employs 2,146 workers across the globe.
How can I contact OceanaGold?: OceanaGold's mailing address is SE 1 L 5, 250 Collins St, MELBOURNE, VIC 3000, Australia. The official website for the company is www.oceanagold.com. The company can be reached via phone at +61-3-96565300.

This page (TSE:OGC) was last updated on 3/28/2023 by MarketBeat.com Staff

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OceanaGold - OGC Stock Forecast, Price & News

OceanaGold MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About OceanaGold (TSE:OGC) Stock

OGC Stock News Headlines

OGC Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

OGC Stock - Frequently Asked Questions

Overall MarketRank^™