OceanaGold Co. (TSE:OGC – Get Free Report) hit a new 52-week high on Friday . The company traded as high as C$4.27 and last traded at C$4.25, with a volume of 1728588 shares traded. The stock had previously closed at C$4.10.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Canaccord Genuity Group boosted their price target on OceanaGold from C$4.50 to C$5.50 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 23rd. CIBC raised their price objective on OceanaGold from C$5.00 to C$5.25 in a report on Wednesday, July 10th. Scotiabank increased their target price on shares of OceanaGold from C$4.25 to C$4.75 in a report on Monday, August 19th. Jefferies Financial Group boosted their price target on shares of OceanaGold from C$4.00 to C$5.00 in a report on Friday, July 12th. Finally, Royal Bank of Canada raised their price objective on OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$4.83.
Check Out Our Latest Analysis on OGC
OceanaGold Trading Up 4.4 %
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. OceanaGold had a net margin of 0.10% and a return on equity of 0.24%. The firm had revenue of C$343.70 million during the quarter. On average, analysts forecast that OceanaGold Co. will post 0.6283048 earnings per share for the current fiscal year.
OceanaGold Increases Dividend
The company also recently announced a Semi-Annual dividend, which was paid on Friday, October 11th. Investors of record on Thursday, August 29th were paid a dividend of $0.014 per share. The ex-dividend date was Thursday, August 29th. This is an increase from OceanaGold’s previous Semi-Annual dividend of $0.01. OceanaGold’s 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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