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

Oceanagold Corp. (NYSE:OGC) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Wednesday, November 18th will be paid a dividend of $0.09 per share on Friday, December 18th. This represents a $0.36 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, November 18th.

Oceanagold Stock Up 8.9%

Shares of Oceanagold stock opened at $25.72 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.63 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $27.61. Oceanagold has a 52 week low of $20.18 and a 52 week high of $43.33.

Oceanagold (NYSE:OGC) last released its earnings results on Wednesday, November 4th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.05. The company had revenue of $654.90 million for the quarter. Oceanagold had a net margin of 35.14% and a return on equity of 36.44%. On average, equities analysts predict that Oceanagold will post 4.07 EPS for the current year.

Hedge Funds Weigh In On Oceanagold

Large investors have recently made changes to their positions in the company. Allianz Asset Management GmbH purchased a new stake in Oceanagold during the second quarter worth $63,741,000. Ninety One UK Ltd acquired a new stake in Oceanagold during the third quarter valued at $63,288,000. Groupe la Francaise acquired a new stake in Oceanagold during the second quarter valued at $19,560,000. The Manufacturers Life Insurance Company purchased a new position in Oceanagold in the second quarter valued at $15,332,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Oceanagold in the second quarter valued at $14,465,000.

Oceanagold Company Profile

OceanaGold Corporation is a Canadian precious-metals mining company headquartered in Vancouver, British Columbia. The company explores, develops and operates mines that produce gold and, in some operations, copper concentrates.

OceanaGold’s principal assets have included the Haile Gold Mine in South Carolina, the Didipio gold-copper mine in the Philippines, and gold operations in New Zealand, including the Waihi and Macraes mines. Its operations and projects have given the company a presence across North America, Asia and Oceania.

Founded in 2003, OceanaGold has grown through the development and acquisition of producing mines and mineral projects.