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

OceanaGold Co. (OTCMKTS:OCANF) has been given a consensus rating of “Buy” by the six brokerages that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating.

Several research firms recently weighed in on OCANF. Scotiabank reissued an “outperform” rating on shares of OceanaGold in a report on Thursday. Raymond James Financial reiterated an “outperform” rating on shares of OceanaGold in a research report on Friday, October 10th. CIBC reissued an “outperform” rating on shares of OceanaGold in a report on Tuesday, July 15th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of OceanaGold in a research note on Friday, August 8th.

OceanaGold Stock Performance

Shares of OCANF stock opened at $23.06 on Friday. OceanaGold has a 12-month low of $7.32 and a 12-month high of $26.31. The firm has a 50 day moving average price of $20.68 and a two-hundred day moving average price of $12.71.

OceanaGold Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 19th. Shareholders of record on Thursday, August 21st were given a dividend of $0.03 per share. This represents a dividend yield of 71.0%. The ex-dividend date was Wednesday, August 20th. This is a boost 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.