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

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

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

OceanaGold Stock Performance

OCANF opened at $29.59 on Monday. The company’s 50 day moving average is $36.39 and its 200-day moving average is $28.54. OceanaGold has a 1-year low of $8.79 and a 1-year high of $43.33.

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.