OceanaGold (TSE:OGC) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

OceanaGold Co. (TSE:OGC)’s stock price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$38.58 and traded as high as C$39.52. OceanaGold shares last traded at C$39.47, with a volume of 506,906 shares traded.

OceanaGold Trading Up 2.9%

The business has a 50-day moving average price of C$38.58 and a two-hundred day moving average price of C$41.72. The firm has a market capitalization of C$8.70 billion, a price-to-earnings ratio of 9.20 and a beta of 2.69.

OceanaGold (TSE:OGC) last released its quarterly earnings data on Wednesday, November 4th. The company reported C$1.34 earnings per share for the quarter. OceanaGold had a return on equity of 39.66% and a net margin of 36.65%. The business had revenue of C$932.33 million for the quarter. On average, equities research analysts predict that OceanaGold Co. will post 0.63 earnings per share for the current fiscal year.

OceanaGold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 18th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 18th. OceanaGold’s payout ratio is currently 6.99%.

About OceanaGold

OceanaGold is a global intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the wholly-owned Haile Gold Mine in the United States of America ; the wholly-owned Macraes and Waihi operations in New Zealand ; and the 80%-owned Didipio Mine in the Philippines.