OceanaGold (TSE:OGC) Stock Price Breaks Above 50-Day Moving Average – Here’s Why

OceanaGold Co. (TSE:OGC – Get Free Report) shares passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of C$38.58 and traded as high as C$39.52. OceanaGold shares last traded at C$39.47, with a volume of 506,906 shares trading hands.

OceanaGold Stock Up 2.9%

The company has a market capitalization of C$8.70 billion, a P/E ratio of 9.20 and a beta of 2.69. The company has a 50-day moving average of C$38.58 and a two-hundred day moving average of C$41.72.

OceanaGold (TSE:OGC – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported C$1.34 earnings per share for the quarter. The company had revenue of C$932.33 million for the quarter. OceanaGold had a return on equity of 39.66% and a net margin of 36.65%. As a group, equities analysts expect that OceanaGold Co. will post 0.63 EPS for the current fiscal year.

OceanaGold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 18th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 18th. OceanaGold’s payout ratio is 6.99%.

OceanaGold Company Profile

(Get Free Report)

OceanaGold is a global 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 wholly-owned Haile Gold Mine in the United States of America ; the wholly-owned Macraes and Waihi operations in New Zealand ; and the 80%-owned Didipio Mine in the Philippines.

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