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

OceanaGold Co. (OTCMKTS:OCANF) has received a consensus rating of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation.

A number of equities research analysts recently issued reports on OCANF shares. Raymond James Financial reiterated an “outperform” rating on shares of OceanaGold in a research report on Friday, October 10th. Scotiabank reaffirmed 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 report on Sunday, December 7th.

OceanaGold Price Performance

Shares of OTCMKTS OCANF opened at $32.36 on Friday. OceanaGold has a 52-week low of $7.32 and a 52-week high of $39.59. The business has a fifty day moving average of $29.61 and a two-hundred day moving average of $23.21.

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.