Oceanagold (NYSE:OGC) Upgraded to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Oceanagold (NYSE:OGC) to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Research upgraded shares of Oceanagold to a “hold” rating in a report on Wednesday, May 20th. Scotiabank upgraded shares of Oceanagold to a “strong-buy” rating in a report on Thursday, May 14th. Finally, Weiss Ratings cut shares of Oceanagold from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Oceanagold Stock Down 4.1%

OGC stock opened at $24.01 on Tuesday. Oceanagold has a 52-week low of $13.16 and a 52-week high of $43.33.

Oceanagold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Wednesday, May 20th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.5%. 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.