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

OceanaGold Co. (OTCMKTS:OCANF) has been given an average recommendation of “Buy” by the six research firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation.

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

OceanaGold Trading Up 2.8%

OceanaGold stock opened at $42.56 on Thursday. OceanaGold has a 52 week low of $7.32 and a 52 week high of $42.56. The business’s 50-day simple moving average is $33.74 and its 200-day simple moving average is $26.14.

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.