Short Interest in OceanaGold Co. (OTCMKTS:OCANF) Expands By 50.2%

OceanaGold Co. (OTCMKTS:OCANF) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 3,643,300 shares, an increase of 50.2% from the September 15th total of 2,426,000 shares. Based on an average daily volume of 53,200 shares, the days-to-cover ratio is currently 68.5 days. Based on an average daily volume of 53,200 shares, the days-to-cover ratio is currently 68.5 days.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of OceanaGold in a research report on Friday, August 8th. Raymond James Financial reiterated an “outperform” rating on shares of OceanaGold in a report on Friday, October 10th. Finally, CIBC restated an “outperform” rating on shares of OceanaGold in a research note on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

OceanaGold Stock Up 2.9%

OCANF opened at $22.65 on Thursday. OceanaGold has a twelve month low of $7.32 and a twelve month high of $26.31. The company has a fifty day simple moving average of $20.43 and a 200 day simple moving average of $12.31.

OceanaGold Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 19th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.03 per share. This is a boost from OceanaGold’s previous dividend of $0.01. This represents a dividend yield of 71.0%. The ex-dividend date was Wednesday, August 20th.

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.