Oceanagold Corp (OGC-T)
TSE:OGC
1.93
0.15
(7.21%) 1d
Financials
Technical Analysis
$1.975
No
Mostly Asian, Pacific-based, but now moving into North America in the Carolinas. Doing a lot more deals in Nevada and Argentina.
A mid-cap gold company. They are having trouble with their Didipio mine. The Philippine government has put a kind of moratorium on production as they review the environmental impact. This makes it a tough place to invest. If they lose their license, it represents 30%-40%. The political risk would scare him away.
Based in Australasia and were picking up a lot of assets. For some investors, this might be overexposed to the Philippines right now. They have the Hale deposit in South Carolina they are building on, and are now taking more of a focus in the Americas. They’ve been quite active in regards to placements. He sees this being quite active in the junior mining sector.
Golds have gone into a corrective phase. They have been working very hard to reduce costs and with success. It’s okay, but he thinks it will not work out over the next few months with a rising US dollar and rising rates.
He is a lot more positive on gold then what he has been in a while. Gold stocks have come way back. The US$ may run into some headwinds, inflation is coming back, and real (?) higher interest rates are coming down, which all argues positively for gold. He is spending more time on domestic producers. (See Top Picks.)
It is one of the better gold stocks in terms of valuation and they are not over levered. It has a 1.4 times book and they have historically cash flowed. They even pay a low yield. The whole sector he is quite concerned about. Gold is not a sector you want to be in.
He would not invest in this until their dispute with the Philippine government is over. Their mine has been subject to some sort of environmental audit.
Kind of on the periphery for him. He kept looking and wondering when he wants to buy it. Producing in the Philippines. They are looking to grow through the next mine. Thinks it represents reasonable value for what it has. Pays a dividend which is always nice. Going into this development project probably keeps it off of his fund holdings. He would prefer Kirkland Lake (KGI-T).
Oceanagold Corp(OGC-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
Oceanagold Corp(OGC-T) Frequently Asked Questions
What is Oceanagold Corp stock symbol?
Oceanagold Corp is a Canadian stock, trading under the symbol OGC-T on the Toronto Stock Exchange (OGC-CT). It is usually referred to as TSX:OGC or OGC-T
Is Oceanagold Corp a buy or a sell?
In the last year, 1 stock analyst published opinions about OGC-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Oceanagold Corp.
Is Oceanagold Corp a good investment or a top pick?
Oceanagold Corp was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Oceanagold Corp.
Why is Oceanagold Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Oceanagold Corp worth watching?
1 stock analyst on Stockchase covered Oceanagold Corp In the last year. It is a trending stock that is worth watching.
What is Oceanagold Corp stock price?
On 2022-09-26, Oceanagold Corp (OGC-T) stock closed at a price of $1.93.
