Shares of Oceanagold Corp. (NYSE:OGC – Get Free Report) have received an average recommendation of “Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company.
OGC has been the subject of a number of research reports. Zacks Research cut shares of Oceanagold from a “hold” rating to a “strong sell” rating in a report on Monday, November 2nd. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Oceanagold in a research report on Friday, October 16th. Wall Street Zen cut Oceanagold from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Oceanagold in a research report on Friday, September 4th.
Institutional Investors Weigh In On Oceanagold
Institutional investors and hedge funds have recently modified their holdings of the stock. Accordant Advisory Group Inc increased its stake in Oceanagold by 1.5% in the 3rd quarter. Accordant Advisory Group Inc now owns 113,518 shares of the company’s stock worth $3,125,000 after purchasing an additional 1,655 shares in the last quarter. Nykredit A S acquired a new stake in Oceanagold during the 2nd quarter worth about $125,000. Vontobel Holding Ltd. acquired a new stake in Oceanagold during the 3rd quarter worth about $311,000. State of Wyoming lifted its stake in Oceanagold by 240.5% during the third quarter. State of Wyoming now owns 16,200 shares of the company’s stock valued at $450,000 after buying an additional 11,442 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in Oceanagold during the second quarter valued at about $337,000.
Oceanagold Price Performance
Shares of OGC opened at $29.16 on Tuesday. The stock has a 50 day simple moving average of $27.45. The firm has a market cap of $6.43 billion and a PE ratio of 14.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.24. Oceanagold has a 12-month low of $20.18 and a 12-month high of $43.33.
Oceanagold (NYSE:OGC – Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. Oceanagold had a net margin of 36.58% and a return on equity of 39.80%. The business had revenue of $654.90 million for the quarter. As a group, equities research analysts forecast that Oceanagold will post 4.11 EPS for the current fiscal year.
Oceanagold Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Wednesday, November 18th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.36 annualized dividend and a dividend yield of 1.2%. Oceanagold’s dividend payout ratio (DPR) is currently 18.09%.
Oceanagold Company Profile
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