Oceanagold Corp. (NYSE:OGC) Shares Set to Pay Quarterly Dividend of $0.09

Oceanagold Corp. (NYSE:OGC) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Wednesday, November 18th will be paid a dividend of $0.09 per share on Friday, December 18th. This represents a $0.36 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, November 18th.

Oceanagold Price Performance

Shares of NYSE:OGC opened at $25.72 on Thursday. Oceanagold has a 52-week low of $20.18 and a 52-week high of $43.33. The business has a 50 day moving average price of $27.61. The company has a current ratio of 1.63, a quick ratio of 1.24 and a debt-to-equity ratio of 0.01.

Oceanagold (NYSE:OGC) last issued its earnings results on Wednesday, November 4th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. Oceanagold had a return on equity of 36.44% and a net margin of 35.14%. The business had revenue of $654.90 million during the quarter. On average, sell-side analysts forecast that Oceanagold will post 4.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nykredit A S purchased a new position in Oceanagold in the second quarter worth $125,000. Vontobel Holding Ltd. purchased a new stake in shares of Oceanagold during the 3rd quarter valued at $311,000. Engineers Gate Manager LP acquired a new stake in shares of Oceanagold in the 2nd quarter worth $337,000. Tidal Investments LLC acquired a new stake in shares of Oceanagold in the 2nd quarter worth $355,000. Finally, State of Wyoming grew its stake in Oceanagold by 240.5% during the 3rd quarter. State of Wyoming now owns 16,200 shares of the company’s stock worth $450,000 after buying an additional 11,442 shares during the last quarter.

Oceanagold Company Profile

OceanaGold Corporation is a Canadian precious-metals mining company headquartered in Vancouver, British Columbia. The company explores, develops and operates mines that produce gold and, in some operations, copper concentrates.

OceanaGold’s principal assets have included the Haile Gold Mine in South Carolina, the Didipio gold-copper mine in the Philippines, and gold operations in New Zealand, including the Waihi and Macraes mines. Its operations and projects have given the company a presence across North America, Asia and Oceania.

Founded in 2003, OceanaGold has grown through the development and acquisition of producing mines and mineral projects.