OceanaGold (TSE:OGC) Reaches New 12-Month High at $3.87

OceanaGold Co. (TSE:OGC)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as C$3.87 and last traded at C$3.84, with a volume of 106248 shares. The stock had previously closed at C$3.76.

Analyst Ratings Changes

Several brokerages recently issued reports on OGC. Jefferies Financial Group upped their price objective on shares of OceanaGold from C$4.00 to C$5.00 in a research note on Friday, July 12th. CIBC upped their price objective on shares of OceanaGold from C$5.00 to C$5.25 in a report on Wednesday, July 10th. Royal Bank of Canada increased their price target on shares of OceanaGold from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank lifted their price target on OceanaGold from C$4.25 to C$4.75 in a report on Monday, August 19th. Finally, Canaccord Genuity Group boosted their target price on OceanaGold from C$4.50 to C$5.50 and gave the company a “strong-buy” rating in a report on Tuesday, July 23rd. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$4.83.

OceanaGold Stock Up 2.4 %

The company has a market capitalization of C$2.74 billion, a PE ratio of 385.00 and a beta of 1.61. The business’s 50 day simple moving average is C$3.52 and its 200 day simple moving average is C$3.21.

OceanaGold (TSE:OGC) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.05. The firm had revenue of C$343.70 million during the quarter. OceanaGold had a return on equity of 0.24% and a net margin of 0.10%. On average, analysts anticipate that OceanaGold Co. will post 0.5957821 earnings per share for the current fiscal year.

OceanaGold Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.014 per share. This is a boost from OceanaGold’s previous Semi-Annual dividend of $0.01. The ex-dividend date is Thursday, August 29th. OceanaGold’s dividend payout ratio (DPR) is currently 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.