OceanaGold Co. (OTCMKTS:OCANF) Receives Consensus Recommendation of “Buy” from Analysts

Shares of OceanaGold Co. (OTCMKTS:OCANF) have been given an average rating of “Buy” by the six research firms that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating.

Several equities research analysts recently weighed in on OCANF shares. Scotiabank restated an “outperform” rating on shares of OceanaGold in a report on Monday, January 26th. Raymond James Financial reissued an “outperform” rating on shares of OceanaGold in a research note on Friday, October 10th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of OceanaGold in a report on Sunday, December 7th.

OceanaGold Stock Performance

OTCMKTS OCANF opened at $35.03 on Friday. The company has a 50-day simple moving average of $30.03 and a two-hundred day simple moving average of $23.56. OceanaGold has a 12-month low of $7.32 and a 12-month high of $39.59.

About OceanaGold

OceanaGold Corporation is an international gold and copper producer headquartered in Melbourne, Australia. The company focuses on the exploration, development and operation of open pit and underground mines across the Asia–Pacific and North America regions. Its core operations include the Didipio mine in the Philippines, the Macraes and Waihi gold mines in New Zealand and the Haile gold mine in South Carolina, United States. OceanaGold’s portfolio spans proven reserves, near‐mine development projects and exploration tenements, providing a balanced mix of production and growth assets.

Founded in 2005 as a spin-off from Placer Dome, OceanaGold has grown through strategic acquisitions and organic development.