Oceanagold Stock Today

OGC Stock  CAD 4.34  0.10  2.25%   

Performance

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Odds Of Distress

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OceanaGold is selling at 4.34 as of the 26th of November 2024; that is 2.25% down since the beginning of the trading day. The stock's open price was 4.44. OceanaGold has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for OceanaGold are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of July 2023 and ending today, the 26th of November 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
OceanaGold Corporation, a gold producer, engages in the exploration, development, and operation of mineral properties. OceanaGold Corporation was founded in 2003 and is based in South Brisbane, Australia. OCEANAGOLD CORPORATION operates under Gold classification in Canada and is traded on Toronto Stock Exchange.. The company has 708.07 M outstanding shares of which 4.22 M shares are now shorted by private and institutional investors with about 2.81 days to cover all short positions. More on OceanaGold

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OceanaGold Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. OceanaGold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding OceanaGold or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOMichael Holmes
Business ConcentrationMetals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors)
OceanaGold's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to OceanaGold's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Debt Levels
OceanaGold can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand OceanaGold's financial leverage. It provides some insight into what part of OceanaGold's total assets is financed by creditors.
Liquidity
OceanaGold cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. OceanaGold has accumulated 231.8 M in total debt with debt to equity ratio (D/E) of 0.19, which may suggest the company is not taking enough advantage from borrowing. OceanaGold has a current ratio of 1.64, which is within standard range for the sector. Debt can assist OceanaGold until it has trouble settling it off, either with new capital or with free cash flow. So, OceanaGold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like OceanaGold sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for OceanaGold to invest in growth at high rates of return. When we think about OceanaGold's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

44.71 Million
OceanaGold (OGC) is traded on Toronto Exchange in Canada and employs 26 people. OceanaGold is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.07 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate OceanaGold's market, we take the total number of its shares issued and multiply it by OceanaGold's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. OceanaGold operates under Metals & Mining sector and is part of Materials industry. The entity has 708.07 M outstanding shares of which 4.22 M shares are now shorted by private and institutional investors with about 2.81 days to cover all short positions. OceanaGold has accumulated about 83.2 M in cash with 384.2 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.19.
Check OceanaGold Probability Of Bankruptcy
Ownership Allocation
OceanaGold owns a total of 708.07 Million outstanding shares. Over half of OceanaGold's outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in OceanaGold. Please watch out for any change in the institutional holdings of OceanaGold as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check OceanaGold Ownership Details

OceanaGold Risk Profiles

Although OceanaGold's alpha and beta are two of the key measurements used to evaluate OceanaGold's performance over the market, the standard measures of volatility play an important role as well.

OceanaGold Stock Against Markets

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OceanaGold Corporate Directors

Geoffrey RabyNon-Executive Independent DirectorProfile
Catherine GignacNon-Executive Independent DirectorProfile
Craig NelsenNon-Executive Independent DirectorProfile
Paul SweeneyNon-Executive Independent DirectorProfile

Other Information on Investing in OceanaGold Stock

OceanaGold financial ratios help investors to determine whether OceanaGold Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in OceanaGold with respect to the benefits of owning OceanaGold security.