OceanaGold Co. (OTCMKTS:OCANF) Receives Average Recommendation of “Buy” from Brokerages

Shares of OceanaGold Co. (OTCMKTS:OCANF) have earned an average recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation.

OCANF has been the topic of a number of recent research reports. National Bankshares reaffirmed an “outperform” rating on shares of OceanaGold in a research note on Tuesday, June 24th. CIBC reaffirmed an “outperform” rating on shares of OceanaGold in a research note on Tuesday, July 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of OceanaGold in a research note on Friday, August 8th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of OceanaGold in a research note on Tuesday, June 24th.

OceanaGold Stock Up 3.4%

OCANF stock opened at $20.38 on Thursday. OceanaGold has a 1 year low of $7.32 and a 1 year high of $20.38. The stock’s 50 day moving average price is $15.85 and its 200 day moving average price is $8.34.

OceanaGold Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, September 19th. Investors of record on Thursday, August 21st will be paid a $0.03 dividend. This represents a yield of 71.0%. The ex-dividend date of this dividend is Wednesday, August 20th. This is an increase from OceanaGold’s previous dividend of $0.01.

OceanaGold Company Profile

OceanaGold is a growing 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 Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.