Oceanagold Corp. (OGC) – What Are Investment Firms Thinking About This Stock?

Oceanagold Corp. (NYSE:OGC) has earned a consensus recommendation of “Buy” from the five analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company.

Several equities research analysts have recently weighed in on OGC shares. Zacks Research raised Oceanagold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Oceanagold in a research report on Friday, October 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oceanagold in a research report on Friday, September 4th. Finally, Wall Street Zen cut shares of Oceanagold from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th.

Institutional Investors Weigh In On Oceanagold

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new stake in Oceanagold during the second quarter worth about $1,701,000. Public Employees Retirement System of Ohio bought a new position in Oceanagold during the second quarter valued at about $14,465,000. The Manufacturers Life Insurance Company acquired a new position in Oceanagold in the 2nd quarter valued at approximately $15,332,000. Groupe la Francaise acquired a new position in Oceanagold in the 2nd quarter valued at approximately $19,560,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Oceanagold in the 2nd quarter valued at approximately $603,000.

Oceanagold Stock Performance

Shares of NYSE:OGC opened at $25.26 on Friday. The firm’s 50 day simple moving average is $28.53. Oceanagold has a twelve month low of $20.18 and a twelve month high of $43.33. The company has a quick ratio of 1.24, a current ratio of 1.63 and a debt-to-equity ratio of 0.01.

Oceanagold (NYSE:OGC) last released its earnings results on Wednesday, August 5th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The firm had revenue of $647.30 million for the quarter. Oceanagold had a return on equity of 36.44% and a net margin of 35.14%. Research analysts forecast that Oceanagold will post 4.19 EPS for the current fiscal year.

Oceanagold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Wednesday, August 19th were given a dividend of C$0.09 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.4%. Oceanagold’s dividend payout ratio is currently 18.09%.

About Oceanagold

OceanaGold Corporation is a Canadian precious-metals mining company headquartered in Vancouver, British Columbia. The company explores, develops and operates mines that produce gold and, in some operations, copper concentrates.

OceanaGold’s principal assets have included the Haile Gold Mine in South Carolina, the Didipio gold-copper mine in the Philippines, and gold operations in New Zealand, including the Waihi and Macraes mines. Its operations and projects have given the company a presence across North America, Asia and Oceania.

Founded in 2003, OceanaGold has grown through the development and acquisition of producing mines and mineral projects.