Insider Buying: OceanaGold Co. (TSE:OGC) Director Purchases 32,600 Shares of Stock
OceanaGold Co. (TSE:OGC – Get Rating) Director Craig Joseph Nelsen acquired 32,600 shares of the stock in a transaction that occurred on Friday, June 10th. The shares were acquired at an average cost of C$2.84 per share, with a total value of C$92,584.00. Following the transaction, the director now owns 242,600 shares in the company, valued at C$688,984.
Craig Joseph Nelsen also recently made the following trade(s):
- On Monday, June 13th, Craig Joseph Nelsen bought 10,400 shares of OceanaGold stock. The stock was acquired at an average cost of C$2.81 per share, for a total transaction of C$29,224.00.
TSE OGC traded up C$0.04 on Tuesday, hitting C$2.78. 324,589 shares of the company were exchanged, compared to its average volume of 1,865,799. OceanaGold Co. has a twelve month low of C$1.79 and a twelve month high of C$3.41. The company’s 50 day moving average price is C$3.01 and its 200-day moving average price is C$2.54. The firm has a market capitalization of C$1.96 billion and a P/E ratio of 27.40. The company has a debt-to-equity ratio of 22.22, a current ratio of 1.91 and a quick ratio of 1.20.
OceanaGold (TSE:OGC – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The company reported C$0.14 EPS for the quarter, beating the consensus estimate of C$0.07 by C$0.07. The firm had revenue of C$361.90 million during the quarter. As a group, equities analysts expect that OceanaGold Co. will post 0.2880069 EPS for the current year.
A number of research firms recently issued reports on OGC. National Bankshares boosted their price objective on OceanaGold from C$3.50 to C$4.00 in a research report on Wednesday, April 20th. Raymond James set a C$4.50 target price on shares of OceanaGold and gave the stock an “outperform” rating in a research report on Friday, April 29th. CIBC boosted their price objective on OceanaGold from C$3.00 to C$3.50 in a research report on Wednesday, April 13th. Scotiabank lifted their target price on OceanaGold from C$3.75 to C$4.00 in a research note on Tuesday, April 19th. Finally, Royal Bank of Canada lifted their price objective on shares of OceanaGold from C$2.50 to C$2.75 and gave the company an “outperform” rating in a research note on Thursday, February 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$3.34.
About OceanaGold (Get Rating)
OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. It explores for gold, copper, and silver deposits. The company operates the Didipio gold-copper mine located in the Nueva Vizcaya and Quirino provinces on the island of Luzon in the Philippines; the Macraes goldfield mine on the South Island of New Zealand and the Waihi gold mine on the North Island of New Zealand; and the Haile gold mine located in South Carolina, the United States.
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