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

OceanaGold Co. (OTCMKTS:OCANF) has been given an average recommendation of “Buy” by the six ratings firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation.

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

OceanaGold Price Performance

Shares of OCANF stock 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 has a 50 day simple moving average of $18.08 and a 200 day simple moving average of $10.45.

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. This represents a yield of 71.0%. The ex-dividend date of this dividend was Wednesday, August 20th. This is a positive change 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.