OceanaGold (TSE:OGC) Given New C$4.50 Price Target at National Bankshares

OceanaGold (TSE:OGC) had its price objective lowered by National Bankshares from C$4.75 to C$4.50 in a report published on Thursday, BayStreet.CA reports.

OGC has been the topic of a number of other reports. BMO Capital Markets lowered their target price on shares of OceanaGold from C$4.25 to C$3.75 in a research note on Thursday, February 22nd. Jefferies Financial Group upped their target price on shares of OceanaGold from C$3.50 to C$4.00 and gave the company a buy rating in a research note on Monday, April 22nd. Desjardins boosted their price objective on shares of OceanaGold from C$3.50 to C$4.00 and gave the stock a buy rating in a report on Tuesday, January 30th. Raymond James increased their target price on shares of OceanaGold from C$4.50 to C$5.00 in a research note on Tuesday, April 23rd. Finally, Cormark cut their price target on OceanaGold from C$3.25 to C$3.00 in a report on Monday, February 26th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of C$4.17.

OceanaGold Trading Down 1.7 %

OceanaGold stock opened at C$2.95 on Thursday. The company has a 50 day moving average of C$2.92. The firm has a market cap of C$2.10 billion, a price-to-earnings ratio of 42.14 and a beta of 1.61. OceanaGold has a twelve month low of C$2.08 and a twelve month high of C$3.50.

OceanaGold (TSE:OGC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.02 by C($0.01). OceanaGold had a return on equity of 2.29% and a net margin of 3.69%. The firm had revenue of C$363.94 million for the quarter. Research analysts expect that OceanaGold will post 0.315508 EPS for the current fiscal year.

OceanaGold Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Friday, April 26th. Stockholders of record on Thursday, March 7th were paid a $0.013 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. OceanaGold’s dividend payout ratio is presently 42.86%.

Insider Transactions at OceanaGold

In other news, Director Paul Benson purchased 44,400 shares of OceanaGold stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of C$2.25 per share, for a total transaction of C$99,678.00. 0.14% of the stock is owned by 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.