OceanaGold (TSE:OGC) Releases Quarterly Earnings Results

OceanaGold (TSE:OGC) posted its quarterly earnings results on Wednesday. The company reported C$1.39 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$919.67 million for the quarter. OceanaGold had a net margin of 33.78% and a return on equity of 34.87%.

OceanaGold Stock Up 3.1%

TSE:OGC opened at C$38.85 on Friday. OceanaGold has a 52 week low of C$21.61 and a 52 week high of C$59.20. The company has a market capitalization of C$8.64 billion, a P/E ratio of 11.84 and a beta of 2.70. The stock’s fifty day moving average is C$35.66 and its two-hundred day moving average is C$43.00.

Analyst Ratings Changes

Separately, TD raised their target price on OceanaGold from C$55.00 to C$56.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$60.12.

Insider Buying and Selling at OceanaGold

In related news, insider Brian Douglas Martin sold 30,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of C$40.47, for a total transaction of C$1,214,100.00. Following the completion of the sale, the insider directly owned 19,363 shares of the company’s stock, valued at approximately C$783,620.61. This trade represents a 60.77% decrease in their position. Corporate insiders own 0.15% of the company’s stock.

OceanaGold Company Profile

OceanaGold is a global intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the wholly-owned Haile Gold Mine in the United States of America ; the wholly-owned Macraes and Waihi operations in New Zealand ; and the 80%-owned Didipio Mine in the Philippines.