Oceanagold (NYSE:OGC – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.89 by $0.05, Zacks reports. Oceanagold had a net margin of 35.14% and a return on equity of 36.44%. The company had revenue of $654.90 million for the quarter.
Oceanagold Trading Up 6.2%
OGC stock traded up $1.59 during mid-day trading on Thursday, reaching $27.37. The company’s stock had a trading volume of 1,013,984 shares, compared to its average volume of 338,710. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.24 and a current ratio of 1.63. The company’s 50 day moving average price is $27.61. Oceanagold has a fifty-two week low of $20.18 and a fifty-two week high of $43.33. The stock has a market cap of $6.03 billion and a PE ratio of 13.75.
Oceanagold Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Wednesday, November 18th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. Oceanagold’s dividend payout ratio is presently 18.09%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on OGC. Wall Street Zen downgraded shares of Oceanagold from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Zacks Research cut Oceanagold from a “hold” rating to a “strong sell” rating in a research report on Monday. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Oceanagold in a research note on Friday, October 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oceanagold in a report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Oceanagold presently has an average rating of “Buy”.
Read Our Latest Analysis on Oceanagold
Oceanagold Company Profile
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.
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