OceanaGold Co. (OTCMKTS:OCANF) Receives Average Rating of “Buy” from Analysts

OceanaGold Co. (OTCMKTS:OCANF) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation.

Several brokerages have issued reports on OCANF. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of OceanaGold in a research report on Wednesday, February 4th. Scotiabank reiterated an “outperform” rating on shares of OceanaGold in a report on Monday, January 26th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of OceanaGold in a research note on Sunday, December 7th.

OceanaGold Trading Down 1.9%

Shares of OTCMKTS OCANF opened at $29.59 on Monday. The company has a 50 day simple moving average of $36.39 and a 200 day simple moving average of $28.54. OceanaGold has a 1 year low of $8.79 and a 1 year high of $43.33.

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.