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

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

Oceanagold Stock Performance

Shares of NYSE:OGC traded down $0.37 during trading hours on Thursday, hitting $26.49. 347,816 shares of the company’s stock traded hands, compared to its average volume of 223,906. The company’s fifty day simple moving average is $25.44. The stock has a market cap of $5.89 billion and a P/E ratio of 26.22. Oceanagold has a 52 week low of $15.06 and a 52 week high of $43.33.

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

Hedge Funds Weigh In On Oceanagold

An institutional investor recently bought a new stake in Oceanagold stock. Bank of New York Mellon Corp bought a new stake in Oceanagold Corp. (NYSE:OGC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 67,805 shares of the company’s stock, valued at approximately $1,701,000.

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.