Oceanagold Corp. (NYSE:OGC) Declares Quarterly Dividend of C$0.09

Oceanagold Corp. (NYSE:OGC) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.09 per share on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, August 19th.

Oceanagold Stock Performance

Shares of NYSE:OGC traded down $0.34 during midday trading on Thursday, hitting $26.52. The company’s stock had a trading volume of 318,442 shares, compared to its average volume of 223,806. The stock has a market cap of $5.90 billion and a P/E ratio of 26.31. Oceanagold has a 12-month low of $15.06 and a 12-month high of $43.33. The business’s 50 day moving average is $25.44.

Oceanagold (NYSE:OGC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $647.30 million during the quarter.

Analyst Ratings Changes

Several research firms have recently weighed in on OGC. Scotiabank raised Oceanagold to a “strong-buy” rating in a report on Thursday, May 14th. Jefferies Financial Group upgraded Oceanagold to a “strong-buy” rating in a research note on Tuesday, June 9th. Weiss Ratings lowered Oceanagold from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Finally, Zacks Research downgraded Oceanagold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

OceanaGold Corporation is a gold and copper mining company that explores for, develops, and operates precious metals projects. The company’s portfolio includes producing mines and development assets, with a focus on the extraction and processing of gold and copper from its owned and operated operations.

Founded in 1989, OceanaGold has built a business centered on long-life mineral assets and responsible mining practices. Its operations have historically been located in the Asia-Pacific region, including New Zealand, the Philippines, and the United States, giving it exposure to several established mining jurisdictions.

The company is headquartered in Vancouver, Canada.