Oceanagold (NYSE:OGC) Trading Up 4.4% – What’s Next?

Oceanagold Corp. (NYSE:OGCGet Free Report) shares were up 4.4% during trading on Thursday . The stock traded as high as $26.44 and last traded at $26.1140. 474,723 shares were traded during mid-day trading, an increase of 154% from the average session volume of 187,199 shares. The stock had previously closed at $25.02.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Jefferies Financial Group upgraded Oceanagold to a “strong-buy” rating in a research report on Tuesday, June 9th. Scotiabank upgraded Oceanagold to a “strong-buy” rating in a research report on Thursday, May 14th. Weiss Ratings cut shares of Oceanagold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Finally, Zacks Research raised shares of Oceanagold to a “hold” rating in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Oceanagold presently has an average rating of “Buy”.

Check Out Our Latest Research Report on OGC

Oceanagold Stock Up 0.1%

The stock has a market cap of $5.81 billion and a price-to-earnings ratio of 25.86.

Oceanagold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Wednesday, May 20th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, May 20th. Oceanagold’s payout ratio is presently 35.64%.

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.

Further Reading

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