Oceanagold (NYSE:OGC) Stock Price Down 2.3% – What’s Next?

by · The Cerbat Gem

Oceanagold Corp. (NYSE:OGC – Get Free Report)’s share price traded down 2.3% on Thursday . The company traded as low as $29.30 and last traded at $29.45. 387,717 shares changed hands during mid-day trading, an increase of 193% from the average session volume of 132,453 shares. The stock had previously closed at $30.15.

Wall Street Analyst Weigh In

OGC has been the topic of a number of recent research reports. Zacks Research upgraded shares of Oceanagold to a “hold” rating in a report on Wednesday. Scotiabank raised shares of Oceanagold to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings started coverage on shares of Oceanagold in a research note on Wednesday. They set a “buy (b)” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Get Our Latest Research Report on Oceanagold

Oceanagold Price Performance

Oceanagold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Wednesday, May 20th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, May 20th.

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.

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