Oceanagold (NYSE:OGC) Trading Down 2.3% – Should You Sell?

Oceanagold Corp. (NYSE:OGC)’s stock price traded down 2.3% during trading on Thursday . The stock traded as low as $29.30 and last traded at $29.45. 387,717 shares traded hands during trading, an increase of 193% from the average session volume of 132,453 shares. The stock had previously closed at $30.15.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Weiss Ratings assumed coverage on shares of Oceanagold in a research report on Wednesday. They issued a “buy (b)” rating for the company. Scotiabank raised shares of Oceanagold to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Zacks Research raised shares of Oceanagold to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Oceanagold presently has an average rating of “Buy”.

Oceanagold Stock Down 1.0%

Oceanagold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Wednesday, May 20th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend 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.