Jefferies Financial Group Increases OceanaGold (TSE:OGC) Price Target to C$4.00

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

Several other analysts also recently commented on the stock. Desjardins lifted their target price 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. National Bankshares reduced their price objective on OceanaGold from C$4.00 to C$3.75 in a report on Friday, February 23rd. BMO Capital Markets dropped their price target on OceanaGold from C$4.25 to C$3.75 in a report on Thursday, February 22nd. Cormark reduced their price target on OceanaGold from C$3.25 to C$3.00 in a research note on Monday, February 26th. Finally, Raymond James increased their price objective on OceanaGold from C$4.00 to C$4.50 in a research report on Monday, April 8th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of C$4.08.

OceanaGold Price Performance

Shares of TSE OGC opened at C$3.13 on Monday. The company has a market cap of C$2.21 billion, a P/E ratio of 19.56 and a beta of 1.50. OceanaGold has a 12 month low of C$2.08 and a 12 month high of C$3.50. The business’s 50 day simple moving average is C$2.87.

OceanaGold (TSE:OGC) last announced its quarterly earnings results 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 net margin of 8.10% and a return on equity of 4.88%. The business had revenue of C$363.94 million for the quarter. On average, equities analysts predict that OceanaGold will post 0.2977737 EPS for the current fiscal year.

OceanaGold Dividend Announcement

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

Insider Buying and Selling

In other OceanaGold news, Director Paul Benson bought 44,400 shares of the stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price 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.