OceanaGold (TSE:OGC) Stock Crosses Above 50 Day Moving Average – Here’s Why

OceanaGold Co. (TSE:OGC)’s stock price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of C$38.58 and traded as high as C$39.52. OceanaGold shares last traded at C$39.47, with a volume of 506,906 shares changing hands.

OceanaGold Stock Up 2.9%

The company’s 50-day moving average price is C$38.58 and its 200-day moving average price is C$41.72. The firm has a market cap of C$8.70 billion, a price-to-earnings ratio of 9.20 and a beta of 2.69.

OceanaGold (TSE:OGC) last posted its earnings results on Wednesday, November 4th. The company reported C$1.34 earnings per share (EPS) for the quarter. OceanaGold had a net margin of 36.65% and a return on equity of 39.66%. The firm had revenue of C$932.33 million during the quarter. On average, sell-side analysts predict that OceanaGold Co. will post 0.63 earnings per share for the current fiscal year.

OceanaGold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 18th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, November 18th. OceanaGold’s dividend payout ratio (DPR) is presently 6.99%.

OceanaGold Company Profile

OceanaGold is a global intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the wholly-owned Haile Gold Mine in the United States of America ; the wholly-owned Macraes and Waihi operations in New Zealand ; and the 80%-owned Didipio Mine in the Philippines.