OceanaGold (TSE:OGC) Price Target Increased to C$4.00 by Analysts at Jefferies Financial Group

OceanaGold (TSE:OGC) had its target price lifted by Jefferies Financial Group from C$3.50 to C$4.00 in a report issued on Monday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

OGC has been the topic of a number of other reports. CIBC upped their target price on shares of OceanaGold from C$4.50 to C$5.00 and gave the stock an outperform rating in a research report on Wednesday, February 7th. Desjardins upped their price objective on OceanaGold from C$3.50 to C$4.00 and gave the stock a buy rating in a report on Tuesday, January 30th. National Bankshares dropped their target price on OceanaGold from C$4.00 to C$3.75 in a research report on Friday, February 23rd. BMO Capital Markets decreased their price target on OceanaGold from C$4.25 to C$3.75 in a report on Thursday, February 22nd. Finally, Raymond James boosted their price objective on OceanaGold from C$4.00 to C$4.50 in a report on Monday, April 8th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of Buy and an average target price of C$4.00.

OceanaGold Price Performance

Shares of TSE:OGC opened at C$3.01 on Monday. The firm has a fifty day moving average price of C$2.85. OceanaGold has a 52 week low of C$2.08 and a 52 week high of C$3.50. The firm has a market cap of C$2.13 billion, a P/E ratio of 18.81 and a beta of 1.50.

OceanaGold (TSE:OGC) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). The firm had revenue of C$363.94 million during the quarter. OceanaGold had a net margin of 8.10% and a return on equity of 4.88%. On average, equities research analysts predict that OceanaGold will post 0.2977737 earnings per share for the current fiscal year.

OceanaGold Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, March 7th will be paid a dividend of $0.013 per share. The ex-dividend date is Wednesday, March 6th. OceanaGold’s payout ratio is 18.75%.

Insider Buying and Selling

In other OceanaGold news, Director Paul Benson bought 44,400 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of C$2.25 per share, with a total value of C$99,678.00. 0.14% of the stock is owned by company insiders.

About OceanaGold

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.