Oceanagold Corp. (NYSE:OGC) to Issue C$0.09 Quarterly Dividend

Oceanagold Corp. (NYSE:OGC) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, August 19th will be given a dividend of 0.09 per share on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, August 19th.

Oceanagold Stock Down 1.3%

NYSE:OGC traded down $0.34 during midday trading on Thursday, reaching $26.52. 318,442 shares of the stock traded hands, compared to its average volume of 223,806. The business has a fifty day moving average of $25.44. The firm has a market capitalization of $5.90 billion and a PE ratio of 26.31. Oceanagold has a 12 month low of $15.06 and a 12 month high of $43.33.

Oceanagold (NYSE:OGC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $647.30 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Oceanagold stock. Bank of New York Mellon Corp acquired a new position in shares of Oceanagold Corp. (NYSE:OGC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 67,805 shares of the company’s stock, valued at approximately $1,701,000.

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.