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

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

Several research analysts recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating on shares of OceanaGold in a research report on Sunday, December 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of OceanaGold in a research note on Wednesday, February 4th. Finally, Scotiabank reiterated an “outperform” rating on shares of OceanaGold in a report on Monday, January 26th.

OceanaGold Price Performance

Shares of OTCMKTS:OCANF opened at $29.47 on Monday. The company’s fifty day moving average is $36.18 and its two-hundred day moving average is $28.90. OceanaGold has a 12-month low of $8.79 and a 12-month 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.