OceanaGold (TSE:OGC) Sets New 12-Month High at $3.48

OceanaGold Co. (TSE:OGC)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as C$3.48 and last traded at C$3.47, with a volume of 1280770 shares trading hands. The stock had previously closed at C$3.32.

Wall Street Analysts Forecast Growth

OGC has been the subject of several research analyst reports. CIBC upped their price target on shares of OceanaGold from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Desjardins increased their target price on shares of OceanaGold from C$3.50 to C$4.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. National Bankshares cut their target price on shares of OceanaGold from C$4.00 to C$3.75 in a research report on Friday, February 23rd. Jefferies Financial Group set a C$3.50 target price on shares of OceanaGold and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of OceanaGold in a research report on Monday, April 8th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$3.94.

OceanaGold Stock Performance

The firm has a 50 day simple moving average of C$2.78. The firm has a market cap of C$2.33 billion, a P/E ratio of 20.63 and a beta of 1.50.

OceanaGold (TSE:OGC) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.02 by C($0.01). OceanaGold had a return on equity of 4.88% and a net margin of 8.10%. The business had revenue of C$363.94 million for the quarter. Analysts predict that OceanaGold Co. will post 0.2977737 earnings per share for the current fiscal year.

OceanaGold Announces Dividend

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

Insider Transactions at OceanaGold

In other news, Director Paul Benson bought 44,400 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired 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 currently 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.