OceanaGold Co. (OTCMKTS:OCANF) Given Average Recommendation of “Buy” by Brokerages

OceanaGold Co. (OTCMKTS:OCANF) has been assigned a consensus rating of “Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy rating.

Several equities analysts recently issued reports on OCANF shares. CIBC reissued an “outperform” rating on shares of OceanaGold in a research report on Tuesday, July 15th. National Bankshares reissued an “outperform” rating on shares of OceanaGold in a research report on Tuesday, June 24th. Scotiabank reissued an “outperform” rating on shares of OceanaGold in a research report on Tuesday, June 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of OceanaGold in a report on Friday, August 8th.

OceanaGold Price Performance

OTCMKTS OCANF opened at $22.23 on Monday. The stock’s fifty day moving average price is $18.08 and its 200 day moving average price is $10.55. OceanaGold has a 1 year low of $7.32 and a 1 year high of $22.23.

OceanaGold Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 19th. Shareholders of record on Thursday, August 21st were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This is a positive change from OceanaGold’s previous dividend of $0.01. This represents a yield of 71.0%.

About OceanaGold

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.