U S Global Investors Inc. Makes New Investment in Oceanagold Corp. $OGC

U S Global Investors Inc. purchased a new position in Oceanagold Corp. (NYSE:OGC) during the third quarter, HoldingsChannel reports. The firm purchased 50,000 shares of the company’s stock, valued at approximately $1,377,000.

Several other institutional investors have also added to or reduced their stakes in OGC. Nykredit A S bought a new stake in Oceanagold in the 2nd quarter worth about $125,000. Vontobel Holding Ltd. purchased a new stake in Oceanagold in the third quarter worth about $311,000. Engineers Gate Manager LP purchased a new stake in Oceanagold in the 2nd quarter worth approximately $337,000. Tidal Investments LLC purchased a new position in shares of Oceanagold during the 2nd quarter valued at $355,000. Finally, TD Waterhouse Canada Inc. bought a new position in shares of Oceanagold in the second quarter worth about $584,000.

Analyst Ratings Changes

A number of brokerages have issued reports on OGC. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Oceanagold in a report on Friday, October 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oceanagold in a research report on Friday, September 4th. Zacks Research upgraded shares of Oceanagold from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, Wall Street Zen lowered Oceanagold from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Oceanagold has a consensus rating of “Buy”.

Oceanagold Trading Down 5.6%

Shares of OGC stock opened at $25.26 on Friday. Oceanagold Corp. has a twelve month low of $20.18 and a twelve month high of $43.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.24. The firm’s 50 day moving average is $28.53.

Oceanagold (NYSE:OGC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $647.30 million during the quarter. Oceanagold had a net margin of 35.14% and a return on equity of 36.44%. On average, equities research analysts forecast that Oceanagold Corp. will post 4.19 earnings per share for the current fiscal year.

Oceanagold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Wednesday, August 19th were issued a dividend of C$0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, August 19th. Oceanagold’s payout ratio is currently 18.09%.

About Oceanagold

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.