Oceanagold Corp. (NYSE:OGC) Declares Quarterly Dividend of $0.09

Oceanagold Corp. (NYSE:OGC) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.09 per share on Friday, December 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, November 18th.

Oceanagold Stock Performance

NYSE OGC opened at $25.72 on Thursday. Oceanagold has a twelve month low of $20.18 and a twelve month high of $43.33. The company has a quick ratio of 1.24, a current ratio of 1.63 and a debt-to-equity ratio of 0.01. The firm has a market cap of $5.67 billion and a PE ratio of 12.92. The business’s 50-day simple moving average is $27.61.

Oceanagold (NYSE:OGC) last released its earnings results on Wednesday, November 4th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. The firm had revenue of $654.90 million for the quarter. Oceanagold had a return on equity of 36.44% and a net margin of 35.14%. As a group, equities research analysts forecast that Oceanagold will post 4.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Oceanagold in a research report on Friday, September 4th. Zacks Research downgraded shares of Oceanagold from a “hold” rating to a “strong sell” rating in a research note on Monday. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Oceanagold in a research report on Friday, October 16th. Finally, Wall Street Zen cut shares of Oceanagold from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

About Oceanagold

OceanaGold Corporation is a Canadian precious-metals mining company headquartered in Vancouver, British Columbia. The company explores, develops and operates mines that produce gold and, in some operations, copper concentrates.

OceanaGold’s principal assets have included the Haile Gold Mine in South Carolina, the Didipio gold-copper mine in the Philippines, and gold operations in New Zealand, including the Waihi and Macraes mines. Its operations and projects have given the company a presence across North America, Asia and Oceania.

Founded in 2003, OceanaGold has grown through the development and acquisition of producing mines and mineral projects.