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

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

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

OceanaGold Trading Up 1.3%

Shares of OCANF opened at $22.23 on Monday. OceanaGold has a 12 month low of $7.32 and a 12 month high of $22.23. The business’s fifty day simple moving average is $18.08 and its two-hundred day simple moving average is $10.55.

OceanaGold Increases Dividend

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