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

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

OCANF has been the topic of several recent research reports. Scotiabank reiterated an “outperform” rating on shares of OceanaGold in a report on Monday, January 26th. Jefferies Financial Group restated a “buy” rating on shares of OceanaGold in a report on Sunday, December 7th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of OceanaGold in a research report on Wednesday, February 4th.

OceanaGold Stock Performance

Shares of OceanaGold stock opened at $29.47 on Monday. OceanaGold has a 12 month low of $8.79 and a 12 month high of $43.33. The stock’s fifty day moving average price is $36.18 and its 200-day moving average price is $28.78.

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.