Oceanagold Corp. (OGC) – What Are Analysts Saying About This Stock?

Shares of Oceanagold Corp. (NYSE:OGC) have been given an average rating of “Buy” by the five research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and two have assigned a strong buy rating to the company.

Several analysts have recently commented on OGC shares. Wall Street Zen cut shares of Oceanagold from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Zacks Research cut shares of Oceanagold from a “hold” rating to a “strong sell” rating in a research report on Monday, November 2nd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Oceanagold in a report on Friday, October 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oceanagold in a report on Friday, September 4th.

Hedge Funds Weigh In On Oceanagold

Several large investors have recently made changes to their positions in OGC. Ingalls & Snyder LLC bought a new position in Oceanagold in the third quarter valued at about $274,717,000. Allianz Asset Management GmbH bought a new stake in Oceanagold during the 2nd quarter worth about $63,741,000. Ninety One UK Ltd bought a new stake in Oceanagold during the 3rd quarter worth about $63,288,000. Groupe la Francaise bought a new stake in Oceanagold during the 2nd quarter worth about $19,560,000. Finally, Gabelli Funds LLC bought a new stake in Oceanagold during the 3rd quarter worth about $18,168,000.

Oceanagold Stock Performance

OGC traded down $0.33 during midday trading on Tuesday, hitting $26.91. The company had a trading volume of 215,686 shares, compared to its average volume of 693,078. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.76 and a quick ratio of 1.34. The company has a market capitalization of $5.93 billion and a P/E ratio of 9.19. Oceanagold has a twelve month low of $20.18 and a twelve month high of $43.33. The firm has a 50-day moving average price of $27.31.

Oceanagold (NYSE:OGC) last announced its earnings results on Wednesday, November 4th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. Oceanagold had a net margin of 36.58% and a return on equity of 38.74%. The company had revenue of $654.90 million during the quarter. As a group, sell-side analysts anticipate that Oceanagold will post 3.92 EPS for the current fiscal year.

Oceanagold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, November 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.3%. Oceanagold’s payout ratio is presently 12.29%.

Oceanagold Company Profile

OceanaGold Corporation is an international gold mining company that explores for, develops and operates mineral properties. Gold is its primary product, with copper and silver also produced at some operations. The company’s operating mines include Haile in South Carolina, Didipio in the Philippines, and Macraes and Waihi in New Zealand. Its portfolio spans North America, Southeast Asia and Oceania. Formed in 2003, OceanaGold is headquartered in Vancouver, Canada. Gerard Bond serves as the company’s chief executive officer.