Public Employees Retirement System of Ohio Buys Shares of 577,296 Oceanagold Corp. $OGC

Public Employees Retirement System of Ohio purchased a new position in Oceanagold Corp. (NYSE:OGC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 577,296 shares of the company’s stock, valued at approximately $14,465,000.

Separately, Bank of New York Mellon Corp acquired a new position in Oceanagold in the 2nd quarter valued at approximately $1,701,000.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Zacks Research downgraded shares of Oceanagold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Weiss Ratings downgraded shares of Oceanagold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Jefferies Financial Group upgraded Oceanagold to a “strong-buy” rating in a report on Tuesday, June 9th. Wall Street Zen lowered Oceanagold from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 22nd. Finally, Scotiabank upgraded Oceanagold to a “strong-buy” rating in a research note on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Oceanagold Stock Down 0.4%

OGC stock opened at $29.96 on Monday. The business has a 50 day simple moving average of $26.21. Oceanagold Corp. has a 12 month low of $17.75 and a 12 month high of $43.33. The company has a market capitalization of $6.66 billion and a P/E ratio of 15.06. 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 (NYSE:OGC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Oceanagold had a net margin of 35.14% and a return on equity of 36.44%. The business had revenue of $647.30 million for the quarter. On average, research analysts expect that Oceanagold Corp. will post 4.16 EPS for the current fiscal year.

Oceanagold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, August 19th. Oceanagold’s dividend payout ratio (DPR) is 18.09%.

Oceanagold Company Profile

OceanaGold Corporation is a gold and copper mining company that explores for, develops, and operates precious metals projects. The company’s portfolio includes producing mines and development assets, with a focus on the extraction and processing of gold and copper from its owned and operated operations.

Founded in 1989, OceanaGold has built a business centered on long-life mineral assets and responsible mining practices. Its operations have historically been located in the Asia-Pacific region, including New Zealand, the Philippines, and the United States, giving it exposure to several established mining jurisdictions.

The company is headquartered in Vancouver, Canada.