National Bankshares Cuts OceanaGold (TSE:OGC) Price Target to C$5.50

OceanaGold (TSE:OGC) had its price target trimmed by National Bankshares from C$6.00 to C$5.50 in a research report sent to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also issued reports on OGC. Jefferies Financial Group increased their target price on shares of OceanaGold from C$4.00 to C$5.00 in a report on Friday, July 12th. CIBC increased their price objective on OceanaGold from C$5.00 to C$5.25 in a research note on Wednesday, July 10th. Royal Bank of Canada lifted their target price on OceanaGold from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Canaccord Genuity Group increased their price target on OceanaGold from C$4.50 to C$5.50 and gave the company a “strong-buy” rating in a research report on Tuesday, July 23rd. Finally, Desjardins boosted their price objective on OceanaGold from C$4.90 to C$5.50 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$4.88.

OceanaGold Trading Down 1.2 %

OGC stock opened at C$4.06 on Wednesday. The business’s fifty day moving average price is C$3.75 and its 200 day moving average price is C$3.43. OceanaGold has a 12-month low of C$2.08 and a 12-month high of C$4.41. The company has a market capitalization of C$2.89 billion, a PE ratio of 406.00 and a beta of 1.62.

OceanaGold (TSE:OGC) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.05. OceanaGold had a net margin of 0.10% and a return on equity of 0.24%. The company had revenue of C$343.70 million for the quarter. Research analysts predict that OceanaGold will post 0.6283048 EPS for the current fiscal year.

OceanaGold Increases Dividend

The firm 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. This is a boost from OceanaGold’s previous Semi-Annual dividend of $0.01. The ex-dividend date was Thursday, August 29th. OceanaGold’s payout ratio is presently 300.00%.

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.