OceanaGold (TSE:OGC – Free Report) had its price target upped by Scotiabank from C$4.25 to C$4.75 in a research note released on Monday, BayStreet.CA reports.
Several other analysts have also commented on OGC. Royal Bank of Canada raised OceanaGold to a moderate buy rating in a report on Wednesday, June 12th. National Bankshares lifted their price target on OceanaGold from C$4.50 to C$5.00 and gave the company an outperform rating in a research report on Wednesday, July 17th. Jefferies Financial Group lifted their price target on OceanaGold from C$4.00 to C$5.00 in a research report on Friday, July 12th. Canaccord Genuity Group lifted their price target on OceanaGold from C$4.50 to C$5.50 and gave the company a strong-buy rating in a research report on Tuesday, July 23rd. Finally, CIBC lifted their price target on OceanaGold from C$5.00 to C$5.25 in a research report on Wednesday, July 10th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of C$4.75.
View Our Latest Analysis on OceanaGold
OceanaGold Stock Performance
OceanaGold (TSE:OGC – Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.05. The business 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%. As a group, sell-side analysts predict that OceanaGold will post 0.3851133 EPS for the current fiscal year.
OceanaGold Increases Dividend
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, August 29th will be issued a $0.014 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This is an increase from OceanaGold’s previous Semi-Annual dividend of $0.01. OceanaGold’s dividend 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.
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