Oceanagold Corp

OGC-T

TSE:OGC

3.50
0.15 (4.11%)
OceanaGold Corporation is a Canadian-Australian firm producing gold and copper. It has operations in New Zealand and the Philippines. The company is also looking to open mines in El Salvador.
More at Wikipedia

Analysis and Opinions about OGC-T

Signal
Opinion
Expert
BUY
BUY
March 2, 2020
Well-run and financed with good assets, and it's way way oversold. Had a nice new discovery in New Zealand. It seems their political problems in the Phillippines will soon be resolved. This cheap now.
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Well-run and financed with good assets, and it's way way oversold. Had a nice new discovery in New Zealand. It seems their political problems in the Phillippines will soon be resolved. This cheap now.
SELL
SELL
January 23, 2020
Mines are in Philippines, so not on his list. He'd rather be in the US, Americas, or Mexico. Just lowered his target to $3.55. Issues with production. Sell, and do a lateral move within the sector.
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Oceanagold Corp (OGC-T)
January 23, 2020
Mines are in Philippines, so not on his list. He'd rather be in the US, Americas, or Mexico. Just lowered his target to $3.55. Issues with production. Sell, and do a lateral move within the sector.
WATCH
WATCH
January 7, 2020
The stock is trading at around a 30% discount to its book value which is quite cheap. The analyst has not given up optimism on this stock, targeting $4.40. The stock is cheap in his opinion.
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Oceanagold Corp (OGC-T)
January 7, 2020
The stock is trading at around a 30% discount to its book value which is quite cheap. The analyst has not given up optimism on this stock, targeting $4.40. The stock is cheap in his opinion.
COMMENT
COMMENT
November 20, 2019
They lowered their forecast, so it sold off recently. They have production issues, so will this be a one-time problem? This may be a buying opportunity, but study it closer for a deeper issue. Why was their production lower?
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Oceanagold Corp (OGC-T)
November 20, 2019
They lowered their forecast, so it sold off recently. They have production issues, so will this be a one-time problem? This may be a buying opportunity, but study it closer for a deeper issue. Why was their production lower?
DON'T BUY
DON'T BUY
March 5, 2019
Have done an excellent job growing the company. It has been recognized in the stock price. If you are buying here you really have to believe that gold is going significantly up.
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Have done an excellent job growing the company. It has been recognized in the stock price. If you are buying here you really have to believe that gold is going significantly up.
COMMENT
COMMENT
March 6, 2018

Mostly Asian, Pacific-based, but now moving into North America in the Carolinas. Doing a lot more deals in Nevada and Argentina.

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Mostly Asian, Pacific-based, but now moving into North America in the Carolinas. Doing a lot more deals in Nevada and Argentina.

DON'T BUY
DON'T BUY
March 7, 2017

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.

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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.

COMMENT
COMMENT
March 6, 2017

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.

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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.

WAIT
WAIT
January 19, 2017

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.

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Oceanagold Corp (OGC-T)
January 19, 2017

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.

COMMENT
COMMENT
December 23, 2016

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.)

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Oceanagold Corp (OGC-T)
December 23, 2016

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.)

DON'T BUY
DON'T BUY
November 3, 2016

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.

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Oceanagold Corp (OGC-T)
November 3, 2016

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.

COMMENT
COMMENT
September 28, 2016

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.

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Oceanagold Corp (OGC-T)
September 28, 2016

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.

COMMENT
COMMENT
August 2, 2016

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).

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Oceanagold Corp (OGC-T)
August 2, 2016

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).

COMMENT
COMMENT
June 17, 2015

A producer of copper and gold, predominantly coming out of the Pacific rim. Have a portfolio of gold assets in New Zealand, but they don’t generate a whole lot of free cash flow. The majority of their free cash flow comes out of Didipio. The yield, from a free cash flow standpoint, looks quite strong at 6%-7%. However, there is a caveat that there is a tax holiday in the Philippines that rolls off in 3-4 years, and then the government takes half of that cash flow. The company probably needed to do something from an M&A standpoint to mitigate that drop, and they bought the Waihi asset from Newmont, a small asset in New Zealand. It has 3 years of mine life left. This is going to be a key catalyst to watch for. These factors keep him out of this story. This looks fully valued to him.

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A producer of copper and gold, predominantly coming out of the Pacific rim. Have a portfolio of gold assets in New Zealand, but they don’t generate a whole lot of free cash flow. The majority of their free cash flow comes out of Didipio. The yield, from a free cash flow standpoint, looks quite strong at 6%-7%. However, there is a caveat that there is a tax holiday in the Philippines that rolls off in 3-4 years, and then the government takes half of that cash flow. The company probably needed to do something from an M&A standpoint to mitigate that drop, and they bought the Waihi asset from Newmont, a small asset in New Zealand. It has 3 years of mine life left. This is going to be a key catalyst to watch for. These factors keep him out of this story. This looks fully valued to him.

WATCH
WATCH
March 2, 2015

He did well last cycle and is looking at it again now. They are able to operate as a small company in several countries and do well.

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He did well last cycle and is looking at it again now. They are able to operate as a small company in several countries and do well.

Showing 1 to 15 of 27 entries

Oceanagold Corp(OGC-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 2

Stockchase rating for Oceanagold Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 2 stock analysts published opinions about OGC-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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?

2 stock analysts 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 2020-08-07, Oceanagold Corp (OGC-T) stock closed at a price of $3.5.