OceanaGold Co. (OTCMKTS:OCANF) Given Consensus Recommendation of “Buy” by Analysts

Shares of OceanaGold Co. (OTCMKTS:OCANF) have been given an average rating of “Buy” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating.

A number of research analysts have weighed in on OCANF shares. Jefferies Financial Group reiterated a “buy” rating on shares of OceanaGold in a research note on Sunday, December 7th. Raymond James Financial reaffirmed an “outperform” rating on shares of OceanaGold in a report on Friday, October 10th. Finally, Scotiabank reissued an “outperform” rating on shares of OceanaGold in a report on Thursday, October 23rd.

OceanaGold Stock Performance

OCANF opened at $29.90 on Wednesday. The firm has a 50-day moving average of $25.82 and a 200 day moving average of $20.65. OceanaGold has a fifty-two week low of $7.32 and a fifty-two week high of $31.39.

OceanaGold Company Profile

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.