Oceanagold Corp | StockChase
21
Oceanagold Corp (OGC-T)

Last Price Recorded: $3.4700 on 2017-11-16

ON STOCKCHASE SINCE Mar 2010

precious metals

Oceanagold Corp


Signal Opinion Expert

2017-03-07

DON'T BUY
Oceanagold Corp (OGC-T)

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.

precious metals
Robert Cohen B.A.Sc., MBA, CFA

Vice President & Portfolio Manager, Dynamic Funds

Price: $3.800
Owned: Unknown

2017-03-06

COMMENT
Oceanagold Corp (OGC-T)

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.

precious metals
Joe Mazumdar

Editor & Analyst, Exploration Insights

Price: $3.810
Owned: No

2017-01-19

WAIT
Oceanagold Corp (OGC-T)

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.

precious metals
Ross Healy

Chairman, Strategic Analysis Corp

Price: $4.000
Owned: Unknown

2016-12-23

COMMENT
Oceanagold Corp (OGC-T)

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.)

precious metals
John Zechner

Chairman, J. Zechner & Assoc

Price: $3.510
Owned: Unknown

2016-11-03

DON'T BUY
Oceanagold Corp (OGC-T)

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.

precious metals
Jason Mann

CIO & Co-Founder, Edgehill Patners

Price: $4.040
Owned: Unknown

2016-09-28

COMMENT
Oceanagold Corp (OGC-T)

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.

precious metals
Rick Rule

Pres. & CEO, Sprott USA

Price: $4.010
Owned: No

2016-08-02

COMMENT
Oceanagold Corp (OGC-T)

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).

precious metals
Dennis da Silva

Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.

Price: $4.820
Owned: No

2015-06-17

COMMENT
Oceanagold Corp (OGC-T)

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.

precious metals
Jon Case

Portfolio Manager, Sentry Investments

Price: $2.830
Owned: No

2015-03-02

WATCH
Oceanagold Corp (OGC-T)

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.

precious metals
Rick Rule

Pres. & CEO, Sprott USA

Price: $2.330
Owned: No

2013-05-14

Unspecified
Oceanagold Corp (OGC-T)

Likes their free cash flow. Doesn't like the copper coming from it. He is bearish on copper. Oceanagold  has two mines in New Zealand that are nearing their end so that is a concern. The company is strong. He doesn't own.

precious metals
Jon Case

Portfolio Manager, Sentry Investments

Price: $2.000
Owned: No

2013-05-09

WAIT
Oceanagold Corp (OGC-T)

Play into later half of summer.  Gold is not performing well at all now. He is targeting $1200 for Gold. Support at $1.8 for OGC.

precious metals
Jon Vialoux

Research Analyst, Timingthemarket.ca & Equityclock.com

Price: $2.070
Owned: Unknown

2013-04-29

DON'T BUY
Oceanagold Corp (OGC-T)

Cautious on gold but this is one of the better companies.  There is negative momentum for the coal space.  Buy this and short a basket of junior gold names.

precious metals
Brian Huen

Managing Partner, Red Sky Capital Management

Price: $2.140
Owned: No

2011-12-29

COMMENT
Oceanagold Corp (OGC-T)
Likes the production profile. Their costs should be coming down so they have a good growth profile. An underfollowed story. It's just a matter of volatility with the gold price. Some of these companies are an little bit higher cash cost producers so they are going to have the fluctuations along with the gold price. Good management.
precious metals
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $2.180
Owned: Yes

2010-11-26

BUY
Oceanagold Corp (OGC-T)
Gold. Likes the name. Producing about 200,000 ounces. Trades at a discount to the group. Has optionality on its Philippine holdings. Trades at a discount.
precious metals
Jamie Horvat

Sr. Portfolio Manager, Sprott Assett Management

Price: $3.160
Owned: Yes

2010-11-04

BUY
Oceanagold Corp (OGC-T)
He is not a small cap expert. IF you look at it as a trader, if you own it, you will be safe until the top end of the channel. Safe to buy it here.
precious metals
Derek Webb, CFA

Chairman, CIO, Webb Asset Management

Price: $3.640
Owned: Unknown

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