Oceanagold (NYSE:OGC) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Oceanagold (NYSE:OGC) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

A number of other equities research analysts also recently issued reports on OGC. Weiss Ratings started coverage on shares of Oceanagold in a research note on Wednesday. They set a “buy (b)” rating on the stock. Scotiabank upgraded shares of Oceanagold to a “strong-buy” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Oceanagold presently has an average rating of “Buy”.

Oceanagold Price Performance

Shares of Oceanagold stock opened at $29.45 on Wednesday. Oceanagold has a 12-month low of $12.60 and a 12-month high of $43.33.

Oceanagold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Wednesday, May 20th will be issued 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.